The New York Herald Newspaper, July 10, 1848, Page 1

NO. 5148. NEW YORK, MONDAY MORNING, JULY 10, 1848. HIGHLY IMPORTANT FOREIGN INTELLIGENC RECEIVED BY THE STEAMSHIP CALEDONIA. Affairs in the Old World approaching a Crisis. nevitability of a General War in Burope.' SPECIAL DHESPATCHES TO THE NEW YORK HERALD. News to the Latest Moment. OUR OWN DESPATCH. Lrverpoot, June 24—1 o’clock, P. M Lopen my letter to inform you, that news has this moment reached us by electric telegraph, that the crigis has really commenced in France. Yes- terday (Friday) the troops and National Guards “were fighting desperately with the people. The | sacrifice of life is terrific! It is alao reported that the mediation of England will be accepted by Austria, as regards the Italian -quarrel, This is all I have time to write. FROM OTHER SOURCES. [From the European Times, June 24.] Our express brings us the following important atelligence :— Paris is reported to be in a state of great excite- ment. Letters, dated at noon yesterday, state that the debate on the railway question had been again adjourned. Crowds of people had perambulated through the principal streets on Thursday night, but no disturbance took place. The laboring Classes are getting up a monster petition, which they mean to carry to the National Assembly, headed by an immense procession of the parties interested therein. Barricades were erected yes- terday; the military interfered, and at the hour when our despatches left, a collision was deemed inevitable. The pretensions of Napoleon Bona- parte are gaining ground. Intelligence has just reached us from Vienna, stating that the Austrian government had accepted of the mediation of England in the dispute be- tween that country and Italy. The funds at Vi- enna had an improving tendency. There is not any political news from Amsterdam, but our advices state that the Bourse in that city ‘was firm for national securities, whilst Spanish and Russian were very weak, and prices declining. The commercial advices from Hamburg are ‘unsatisfactory. They announce the failure of T+ Hear & Co. Money continued abundant, and first rate bills were discounted at 2 a 2} per cent. It 1s said that the most active preparations are being made at Buckingham Palace for the Queen’s intended visit to Ireland. Should the parliamen- tary business be so far wound up as to permit the obsence from the legislature of Earl Grey and Sir G. Grey, the Secretaries of State, her Majesty, it 1s believed, will leave London, en route to Liver- pool or Birkenhead, on the 10th or 14th of August. The Frish Felon has not yet come to hand. The first form did not go to press yesterday till two o’clock: 15,000 stamps have been taken for the first ampression. The tone of this day’s Trrbune is very fierce, but still cautious enough to avoid the hazard of a state prosecution. The organization of the clubs is proceeding with increased vigor. Lonpon Sranparp Orrice, June 23—7 o’clock, P. M. A letter from our Frankfort correspondent of Tuesday, states that the blockade of Trieste was | the first subject which occupied the German con- stituent assembly on that day, when it was unani- mously resolved, “That Trieste being a town be- | longing to the German confederation, any attack ‘on it must be considered tantamount to a declara- tion of war against Germany.” The insurrection in Prague then’ became a topic of discussion; when several members urged the necessity of im- Teediately requirig the different States of Germa- ny to hold their contingents of troops in readiness to march into Bohemia. The subject was eventu- ally referred to the committee on the Sclavonian question for consideration. Our London Correspondence. IMPORTANT SUMMARY OF EUROPEAN INTELLIGENCE. Lonpon, Friday Evening, June 23. The revolutionary stream has not yet run itself | {y} clear. A most sanguinary revolution has taken place at Prague, the capital of Bohemia; the long suppressed feeling between the Germans and the Ozechs has at length burst, and the fearful strife between races has commenced. You wilfffind full details below. Prague, the town of many steeples, asaheap of ashes. Barricades have once more been erected at Berlin. France is on the eve of great events; the plains of Rivoli are,strewn with the dead and the dying; Vicenza has fallen, so has Padua, into the hands of the Austrians. The Rus- sian bear is beginning to growl in the north, as the time approaches for him to cast off his mask; the crisis cannot long be postponed now; war, a European ‘war, must inevitably come. Trieste is blockaded by the combined Italian fleet, and beinga limb of the German confederation, the latter seems inclined for the first time, since the war commenced between Italy and Austria, to take up the cudgels, Bavaria has for- mally protested against the blockade, and withdrawn her ambassador from T urin, and the question has been brought before the Diet of Frankfort. England has broken off diplomatic relations with Spain, and the English squadron is reported to have taken a hostile position opposite Ceuta; generally, the contagion is spreading, and it will soon be dificult to place a finger ‘on the maps of Europe, and say, “tranquility prevails here.”” It is but cight days since | wrote, and yet im- portant events have ro crowded, that | must needs de- voto a separate portion of my despatch to each coun try, under a diatinet head, to keep the readers of the New York Herald reguiariy informed of the events in due order as they occur in turbulent Europe, Let France lead the way:— FRANCE Franco is still a republic, The Napoleon movement has subsided ; the Prince has rosigned his seat. But it has struck @ sonorous chord in the bosom of the French people , and perhaps we may yot see him at the head of an army ; but he is not the man. and of this ho is aware, Still he isa m&n of some ambition, and dor- mant hopes may slumber within him unknown to others. The excitement caused by the whole affair was excessive. Towards tho conclusion of the sitting of the National Assembly of the 15th, the President suddenly interrupted the debate on Algeria, and read | the following letter [which is given in another part of the foreign news in this day’s Lei ‘The acene that followed was ono of the greatest ex- citement. Different members proposed measures to deprive the Prince of all chances of ts seat ; whereupon, a rye of the Polytechnic school—(brave lads, those same Po- shnics, In 1830, they fought for 36 hours without ; and when a cartload of broad was" brought, balls, not ) Was unanimously shouted, by the gallant “Polytechnic, as you are awaro, is devoted to eee rie. aitting closed in che greatest tarba- Jones. The vequel, however, will show that no battle took place, and that France in as quiot as Franco can de, under the circumstances. the sitting of the 16th, the following note—falxo ‘nother column)—from Louis Napoleon, an- stop to the give: nounoing tho resignation of his seat, put ment. I give you thee documents: y are of high Wstorieal importanoe, and wil often referred to hereafter, « The oxtracrdinery and sudden manifestation of so a ion of the French people in favor of a scion of the Bonaparte femily, has, however, induced the pro- visional governmen: to ndopt meacires to prevent any | ot the pretendyey of the fallen dynasties to start as President of the French republic, which, as members of the National Assembly, they aro entitled te do, ‘The National has thrown out hints that a decree will be issued to that effect. But what aro deor nat the sovereign will of « people? We have had too many instances of this of late in Europe. to doubt it. The | people have become aware—a fearful knowledge if abused—of their power, and the axiom of “ Voz populi, vor Dei” has been terribly exemplified in more instan- ces than one. The following extract from letter | written by Emile de Girardin. the talented editor of La Presse, is not to be overlooked, coming from a man 80 well versed in the affairs of his country. I¢ also agrees with what I have foreseen all along. M. de Gi- rardin says:— Panis, Sane U, 1813, You wish toknow what I think of current even s I will toll you. The difficulties und complications of our position (alroi ‘g0 serious) far from being near an end, are but just beginning. I foresaw this position, and announced i¢ when in Loudoa, as you and others will iemember. ‘was in the mouth of November last. To all who questioned ‘me, my reply was this: “Nothing ia more dat 8 than ® satisfied majority and a discontent nation, They are two wheels that have caught, ‘One cannot stop without breaking tie other. A change of minis oy is improbable—a revolution imminon his was no prophecy, but. calculation, whose strict exactnoss has since been verified. It is quite as easy to caloulate what will next occur, Aftor the 25:h February, the institution of a republic was ensy. Its man was there—its Washington, This man, such at least was the belief, was Lamartine, Lamartine has missed the situation—he has not understood it; the e-eential was, at any price, to outet:ip time, instead of which he has allowed time to pass him by—he has lot the tide o1 whelm him, ‘The republic persenified by aman (La Republiqu Saite homme) bas already coased to exist in Franco, Will the ‘Reputlique Con tion, the Repubsique Mecanisme, suceced in establishing itself? To beiieve that it will, oneanust be ‘Uaacquaint. ed with the French charaoter, The French love the composite—they detest the simple; they are fond of luxury, and care not for comfort ; they possess wit, and lack common sense; they like equality, and do not like li- berty ; and precisely because they love equality, they will never tolerate, for a permanency, the elevation of oxe amongst them above all his fellow ‘The sentiment quality, as it exists in France, is the chief obrtacle opposed to the establishment of the Tepublican form. Bear in mind this remark; it is a clue that ‘Will enable you to follow, without. going astray: all the windings of the labyrnth in which’ the National Assembly, called upon to oo ‘and vote the constitution, willin a few days eatangle it- self. Why must a constitution be written, debated, voted ‘Thir is a question [ am about to discuss in a veri f articles, ‘and to commence the first of which I am sorry now to be com: pelled to terminate this letter. Very sincerely yous E. DE an SARDIN. The constitution bas appeared, and is ® masterly Production; but like the apple presented by Paris, the rojan shepherd. to Venus, this second Paria has also presented an apple of discord to the contending par- | ties. Upon the whole, however, the effect is a good one. Broad democratis principles are laid down; but the clause respecting the nomination of the President will be the point on which the debate will turn. A gentleman well acquainted with French politics, writes | a8 follows:— “ The mode laid down for the election of the President of the Republic is already the subject of controversy. Many ohject to the nomination of ihe President by uviversal suffrage; aud, cu Fiously enough, those who are loudest in their opposition are the | ultra demociata, It must be admitted that their departure in | this respect from their own avowed principle of everything for the i} Fe le, and by the People, ‘ars strange. To say the least of yt, it shows that they feel lit fidence ia the choice which the | People would make. They dently fear that the choice of the wajority of the people of France would fall upon some one who woud be an: a but able to ita present rulers; in short, that it might fall upon ince Louis Napoleon, the Prince of Joinvil'e, or even on Henry V. himself. It is on this account ‘that the clause is introduced by wiich the Assembly is to be allowed to relect the President from among the five candidates who shall have the test number of votes, unless one of the candidates have an lute majority of all France in his fayor. The clause with respect to the election of the President, against | which such viol-nt opposition has already shown itself, was, it appears, adopted by the committee unanimously. The clause which allows the Assembly to select the President from among the five candidates who have the greatest number of votes, is also likely to be strongly op Not only is it a flagrant breach of principle of universal suffrage, which (whe her for good or evil) is the fundamental principle of the Republic, but it is likely to lend to an immense amount of discontent, Between the first and the fifth there may be an cnormons difference. The first may have millions of votes, while the fifth bs thousands; and yet the Assombly may sel rence to the first, The danger of an opposi the part of the Assembly to the popular will would be with danger, and some of the papers already puiut it out likely to open the door to civil war.” In fact, France is far from having settled down into anything like order yet, [send you the draft of the Constitution. [which wo give in fuil in another column of the Heratd.} M, Clement Thomas has resigned his command. His denunciation of the Legion of Honor as a gewgaw of ity, is at the bottom ot this resignation. His rise rapid. From aclerk who addressed letters in the wai bureau of the National, he rose to one of the highest dignities in the State, occupied the apartments of the Duchers of Orleans, had thirty carriages at his orders, and lived in imperial splendor. His star has sunk. Cavaignac has, I think. still a part to play; he is a good soldier, and hasa firm will. 1 do not think La- martine can hold power much longer. ‘The following article from M. de Lamartine’s orga, | Le Bien P ublic, is worthy of perusal, as showing the | attitude likely to be adopted by France in the coming struggle in Europo:— “The Executive Committee has presented to the National As- rembly a decree for mobilizing 300 battalions of the National Guard, What is the objec of this decree? Docs the goverainent intend by this exceptional measure, to suddenly stamp its fot upon the ground, like the cor.vention, and raise froa it an armed republic to bo launched forth upon Europe? No: France does not dream of any war, any conquest, any aggression. ace; to atirnct by the force of that icen, the oth join her in alliance. Sho koks on sranquilly, wit er feet, at, the decomposition of monarchies.’ The mobilization, therefore, of the National Guard, has uothing in it threa’ening to Europe. It is nota new, unforescen, extreme, or revolutionary measure, which the executive committee proposes to the Assembly; itis but the pare and simple application of an olt law, voted by h her arms at ‘a Chamber whch was certainly not bellicose, under the monarchy of July, ‘The republic desires no more than to derive from this hat strength which hae been suffered to lay dormant forsix- Tt calls for it asa measure of pradence, economy, ‘This is the only object of the decree, France, unt | questionably, has chown herself to be disinterested from the day after the revolution. Never had the god of war a finer opportu. | nity for taking revenge upon the Moly Alliance. The expioson | athome was so strong that it might have been made to extend far snd wide, vibrating on her frontier indefinitely. ‘The repub- lie has abstained, from a devoted respect to its principles. It ‘ire to sacrifice the freedom of other nations to its but will not carry its almegation so far as s willing not to change its limits, it will not suffer tes to lay down their maps according to their own fancies. 7 of Piedmont to stretch his otter Si | For example, it willnot allow the | arms fromone of the alian seas to the other, and thus adjudge | fo hiniself no fever than twelve millions of subjects the more wih the tour. fortresses of Alerandria, Peschiera, Mantua, and Verona, thus re establishing to his oten advantage the Austrian sovereignty over the Peninsula. ‘The French Republic is evideat= iy bound to wateh rarrowly this absorption of Lombai dy by Pied: mont, Tt must domand a compensation for this now extension of territory, this accumulation of power, by whish the King of Sardi« nia ia binging Lombardy up to our very gates. We cannot within a fewedtys march of Lyons, of Totlon, of our flank enly formed Stat; through an increas of Tis population raising the numerical strength of its army from 108000 to 200,00 mons ‘There fs, then,an absolute necessity Yor our taking immediate steps for Tnsaring nr safety. “We will commence: these mowsres ough the channel of diplomacy, But diplomacy does not speak with sufficient force to armies in the field, unless thoro are other Armies behind, This is the prudential re ‘The Sardinian government has demanded explana- tions. ‘The cause of Italian independence has suffered dur- | ing the last week, Vicenza, after a most heroic resist- ance, Padua, and Treviso, have all been recaptured by | the Austrians, ‘Tho whole of the Venetian territory | will follow. ‘The union of Lombardy to Piedmont has been signed, and negotiations of peace betwaen Austria and'Sardinin have commenced. How this will end still lies concealed in the womb of time. NGLAND. | _ Our little island enjoys perfect tranquility. ‘The re- | form agitation has been brought forward by Hume, but | is as yet in its infancy; but the wide-spreading oak was once an acorn. Electoral reform is one of the noces- sities of the age. ‘The chartists aro (in my humble opinion) making fools of themselves. and are not to be confounded with the reform movement. Ireland is tranquil. AUSTRIA~BON EMIA—HUNGARY — ARFUL SCEN i} PRAGUE—BOMBARDMENT OF THAT Cr | _ ‘The long suppressed hatred between the Czech (Scla- vonian) and the German population of Bohemia, has burst out in fearful flame. ‘The flight of the Emperor of Austria from his capital, the dismemberment of his empire, roused the courage of the native population, and tho result has been fearful. ‘The following details are from the best authority : On the 12th, the gattant commander of Prague refus- ed to comply with the demand of the students, to give them arms: this was the commencement of an out- brenk which was organized beforehand. The Cologne Gazette gives the following account of the fist day's fighting. ‘The first shot that was fired killed Princess Windisebgrat, the wife of the comman der, “The energetic and precautionary measures. taken by Prince Windieshgrats, the deallvdisdaing bravery of the soldiers, ooom finally to the insurgents wero driven out of all the principal streets, the barric ving been swopt cleat off by a well dire: ted fire, butmade stand in the narrow lanes and ale leys. The battle between the troops the people raged fiercest on the 12th, and was still going on at midn t On the 13th, the ._ The. awarm AT e wohs. On Tu dischgrats annonm poning his fire upon any barricades that remained, and he is aman to Keep his word, Ail the deputies of the Sclavonie congress—all, strangers, amongst ‘whem are many Poles, were ordered to leave Prague on Under military eseort—a sure sign that the troops are mast tho piace, The rising soems to haye been purely Ozechisoh or Solas yonic, low far tho Provisional Government is impli to be seen, Count Leo Than is reported to be a pri ar, but whee Iher he was seized by the troops or by the people is still an enig- | ma. ‘The correspondent of the Cologne Gazette gives the | following account of tho death of the unfortunate prineeas:— . “Ronpecting the commencement of hostilities, and the death of Princess Windischgratz, I have received information from trustwerthymen, eyewitnesses of the econe, On the 12th, W diechgrate declared to the people, who were advancing in’ de mosses against the troops, thavif the barricades they were cre ing were not removed hy four o'cloc! | sweep thom away with artillery, and fire upon them, Vefove four o'clock the ehot war fired which killed. the Princess i# Was the signal for the commencement of hostilit es. Some | grepadiers rushed into the An tel, where the shot was supposed | to have teem fired from, and the persons who gave me this infor~ | mation had great diffeulty to save their lives from the infuriated Mdiery. In the adjoining room a stranger was riddled through | rough by thelr bayonets, ‘The Princess, however, fell bi | nd of a Jager, whom the Prince had dismissed from his service some time pte 4 and who had sworn revenge against room in the house adjvining the Mh a loaded rite watching he apperty. some one movil ind ho fi youne | fortunate Princess fell weltering tm hor blood, ithe son of th ] iam temo Sal eaten of ag snd many officors were off. % are ocouyiod by of, tho forts Wi ‘and Tiraloohin ‘pated ean de 7 The jon of Prague exceeds 110 000 inhabitants. ing extracta from the Viena tive additio Cologne and Dresden journals theulnrs :-- Viana, Sune 14.—The latest intelligence from Prague ix that the imeurgent ro far from being viotorious, wer, on Uhe contrary, losing ground, and that the troops, seconded by the Ger uaa pop’ Jntion, of the National Guard, had suoceeded in voo: pying the bridges over the Motdau, and had intercepted all sounication Letweor the country and the parts of the tow held by the inate te “The Ogbting was not over by the las ‘aaooun's, Dut the emeuse was fast ro: statements aro afloat reepooting these events, ‘The cirvumstanca of Leo Thun being # prisoner in the hands of the insurgents, in- duces me to boli-ve that the outbreak was of © reactionary chy. moter against German w On the troops recovering their ad- Yantage, Leo Thun was rel ‘The Provisional Government is solved, A Isinentable episndo of the Into conitict at Prague is the denth ct che Princes? Win ta. This unhappy lady was the d Schwarzouberg, and hor mothor lames, wh feavoring to rave jagration of the festive hall ereoted as ball. room to celebrate the marriaze of Napoleon with Maria Louisa of Avs'nia, an oecurrence which at the time caused an iminanse soa ‘sa'ion, : We shall soon have positive information on theto unaccountable facta, a8 the government have dispatohed two commissarics, one civil the other military, to Prague, to make inquiry into the events, and, if possible, lo take measures to rsstore order. ‘The most conciliatory course of proceeding i rvcommended Ww effect that pury ‘Another letter ina Vienna paper sa} ‘The arrogacce of the Czechs increases duily, and the German inhab tants of Bohemia doscribo their situation as most precari- ‘ous, Even the Czechs here (at Vienna) do not conosal their feol- ings. It was but yesterday that some of them paraded th of cur capital, singing songs insulting to the Germans, and even tore down tho Geraian cockade wherever they could do so with impunity. ‘They have teen ordered to leavo the city, which thoy did in a Tange body, to go, ag they termed it, “to the assistance of their brethren at’ Prague.” ‘This expulsion of the Caechs from Vienna, the Swornost-men, ax they are styled, will no doubt be exaggerated and turned to ‘account by tne Bohemian press; and, though Vienna is eafe, wo fear that the shrieks of our murdered countrymen in Bohemia will soon be ringing in our ears. The Deutsche Allgemeine Zettung has advices from Prague up to three o'elock on the lath inst. On the 18th all the principal streets and squares were occupied by the troops. The head quarters of the insu:gents were in the Carolinenthal. On the afternoon of that day they demanded a p»rley. Prince Windischgrata would listen to nothing till the remaining barricades were removed. This was refused, and fighting recom- menced, but ofa skirmishing nature. The Czeohish troops fought bravely against the insurgents. ‘The Wiener Zeitung has advices up to 2 A, M. on the morning of the 15th according to which, Prince Win- dischgratz was in complete possession of the city. They ascribe the insurrection to the machinations of the Swarnost faction, The Wiener Zeitung gives the fol- lowing interesting details :— Owing to the rofusal of the Prince to give arms to the people on the 10th, the Swornost fuetion proceeded in lange nuinbors Wo the residence of the commander-in chief, whero they sang songs in- sulng to the Prince, accompanied by hootings and throata,. ‘The military on duty having in vain called upon the mob to be order! And disperse, and tho fatal shot being fired at this moment which deprived the unfortunate Princess of her life, the Prinos, with grent dignity and calmness, advanced in the midst of them, and addressed them to the following effect :— “Gentlemon—If it is your desire to insult me, beceuse I am of noble birth, go to my palace, and do there at you tnay think fit. I will even xive you a guard, that you may not be disturbed iu your amusement, But if you act thus because [am commander of Prague, and puxposd nuuking a demonstration in front of this building, I tell you candidly that T shall prevent such a step with every means at my command. My wifo now lies # lifeless corpse above stairs, yet I nddress you in Words of kindness. Geatlemen, do not drive ime to severe measures,’ After this noble speech, under circumstances of so heartrending @ nature, the Prince, instead of being hearkened to, was roughly seized upon by two Cavchs, and dragged to the next lamp-post, where a rope was oon provided. At this moment, the Prince’s grena. diers advanced with fixed bayonets, and in less than a recond cleared the square and delivered the Prince. Five minutes afterwards, the artillery swept the streets, Prince Windischgratz is spoken of as one of the most distinguished generals in the Austrian service—a per- fect soldier, of great energy, and a will as firm as iron. The Bobemians fear and respect him, and call him “Prince Herod.” His mon are blindly devoted to him. Notwithstanding the fearful misfortunes that have befallen the Prince. (his son is reported to be mortally wounded.) says a letter in « Dresden journal. the ener- gies of the Prince are unabated, and he gives his or- ders with the same precision and calmness as usual. The Leipsic Gazette brings the news up to the eve- ning of the 16th. The details are interesting : On the 1:ith, at mid-day, the militnry had completely the upper nnd. and Pringe Windischgratz determined. tovrestate the tone munication between the old and new town. For this purpose le caused the chain bridges ov-r the Moldan, which had beon broken, repaired, and the harricades on the lesser side to be taken by storm. In this affair sevoral of the troops were killed, bein shot fromthe neighboring windows, The fighting here lasied till six o'elock in the aftemoon, when the Czech party demanded a Tarley, and hopes were held out that the studen’s and the people ‘ould lay down their arms, ‘The Cyochs, however required that Prince Windischgratz and the military should feave tho city ; consequently, every idea of accommodation was abandoned. ‘The ‘The most conflicting rumor was \d'on the night of the 13th that there would be @ Feneral attack on all the German inhabitan's of the town, Great fright was caused by thi hole families might be seen flying through the gates of 1] leaving their all behind, After the breaking off the parley, le retired to Podskal, where tl concentrated themselves, and where the Jagers and’ bussars lowed them, to attack them. Theres terrible slaughter ensued on both sides; swenty-six hussars were thrown into. the Moldan by the people,and the battle lasted until the 14th of Sane, at hike past nine, On that day General Count Mensdorffarrived from Vi enna, in order to assume the command in-chief, inthe hope that as the Bohemians seem tohave taken a vehement di Windicchgrats, theassummption of command by Mensdorfl might restore peace, ‘Th however, a vein hope; the tumult in- creased every moment, the fight was renowed, and the Czech party obtairied possession of the town, Prince Windischgrats ndoned the town with the military, and retired to the nd the city, from thence to bombard the town, ‘The Marienschanze, and the Ziscaberg were oocu- on; and the Clementinum, Carolinum, and ‘Thore- gly cannonaded. Such was the state of affairs on the the moroing of the I6th, to which date our acconnts reach, Count Leo Thun had been obliged to fly in the disguise of a sor: vant, A letter from Vienna of the 17th, cays:— ‘The news from Prague is melancholy in’ the extreme, To-day, we hear the insurgents continned to holdout with unflinching obstinacy Prince Windiechgratx had commenced bombarding the town, all the inhabitants willing to. leave Prague, having been allowed to withdraw, |The ministry have received no infor: mation as to the result of ‘the proceedings of the twocommissa- ries cent to the capital of Bohemia; in fact, the state of alfaira they found there must have been such as to leave little room for orderly. negoti ‘The details roceived concerning the insur- rection are appalling; the most hideous acts of atrocity have beea committed, Murder and pil'age reigned in tue elty, and the German inhabitants, who at the risk of there lives had escaped into the country, wery robbed by the hands of maraudersinfesting the nrighborhond The destruction of property had already been considerable, when the last accounts left; and it is awful to re- flect_ on the reeult of the bombardmont, cannon having been Janted.on the surrounding, heights, a0 a8 to play upon the sity ye then #1 heights r Lorenz neath, with the most frightful certainty. ‘The news fron Prague forms the chief topic of conversation here; these seenos of horror for the present, throw other events in the background, The suppression of the military revolt at Pesth, is happily con- firmed, but the result was not ebiained without the loss of life. Arong the killed, was Lientenant Colonel Massburg. We aro still uncertain whether the Emperor will open the Diet in person, or whether ho will yield to the suggestions of the party by whom he is surrounded, and who would induce him to believe his life would he exdangered by his return to the capital, Another account says : The scones of horror are frightful in the extreme, A stationer, name who, in his capacity of Natioual Guard, had slain t ts, was crucified on his own door, and his house demo- lished. If Prince Windischgratz had been captured it was resolved to cut off his head and stick it on the highest pintnole of the tower of the Town Hall. The Prince, with a very polite mes- sage, sent an escort of cavalry to accompany. the members of the Selavoyie Diet in safety to the gates of Prague. Faster, one of the leaders of the Swornost faction, met his death in a singular manner. Dressed in the costume of a Czechish Duke, he stood on one of the barricades surrounded by a body of amazons and fol- lowers. On the advance of the line with fixed bayo- nets his courage failed him, and he was about to run, which one of his frionds perceiving, cooly passed his rapi+r through his body. ‘The barricade, however, was finally abandoned. Nearly a wholo company of the regiment Wellington was cut to pieces here. The latest accounte from Prague describe the state of | the city as terrible. ‘The cannon were still playing up- on the city from the St. Loreenznberg and Wischerad, the Jesuiten-straseo was in flames, whole streets wore in ruins, The son of Prince Windischgratz died of his wounds on the 16th. The fury of the Czechs know no bounds. They cut off the noses, ears and lips of all the soldiers that fell into their hands. No quarter was asked and none given. Each man fought for life or death. At eight o'clock on the morning of the 17th the Mi- nistry received the following telegraphic despatch at Vienna :— Prince Windiechgratz has resolved to Iay down his com- mand, nt Mensdorff has undertaken the provisional command.— Tranquillity may le expect The bombarding has oqnsed the barricades a red. A second telegraphic despatch was received at nine 'clork at night from the Burgomaster at Prague. it is ‘4s follows :— As the burghers and students are roady to re-cstablish onter, the Burgomastet requests that the ministry will confirm the tole lowing by telegraph ;—"The military, with the exeeption of G: diers, are to enter the city, aud antil the delivery of the pe by our deputations to the Emperor, and to our ministors, Tests or hovse vearchings shall take place on the part of the m tary. The deputation will stert for Vienna this evening.” Prague isin a most perilous condition; @ speedy sottioment ix indispensable, Boron Von Pillersdorff sont the following reply by telegraph :— The ministers cannot grant the roquired confirmation demanded this day, but they have empowered the Court Comm to if thay consider this step calculated to re-establish pence, It will therefore be requisite to refer the request to thom. Thus has ended one of the most sanguinary of tho many revolutions of 1848, But it fs. in ail probability, only ended in the capital. It is the commencememt de la fin The troops gradually advance as on) are ili- PRUSSIA. Achange of ministry has taken placo in Prussia. The Prince enjoys popularity. Berlin is anything but quiet, and has very nearly had a renewal of the revo- lution of March THE LATEST FROM THK LEVANT. Our advices from Constantinople are of the 7th of June. Djouleka, the leader of the recently defeated insurreetion in Albania, has been captured, and has implored the clemency ‘of tho Sultan, Sir Stratford Canning arrived at Athens on the 2d. on his way to Constantinople. He was the next day received in pri- vate audience by tho king, and dined with his majesty the day following. He subsequently had numerous communications with the king, and with the chiefs of different parties, and was favorably received by all ‘The Ministry of War, at Athens, was preparing a bili for the inerease of the army. The Chamber was pro- ceeding with the discussion of the budget. ‘Tho insur- rection being at anond,the corps of volunteers had beon dissolved Accounts from Beyrout, of the Ist Jw state that some disturbances taken place in‘tho neighbor- nence of a quarrel bo- hood of that place, in conseq tween two pfwerfal families at Safeta—those of Chem- sin and Resiau, Sevoral combats took place, in whieh blood was spilt, and much property destroyed: Pacha had the culprit chiefs before him. is that the fnmilies of Chomsin demned top y 1 his vernor to Safeta. In other respects the country is j quiet. RGYPT. Mehemed Ali is still alive. STAIN. A change of ministry is daily expected. Bertrand de Lishas already resigned as Minister of Finance, Poe. ania by Orlanso. Narvaez still remains resident, Portugal is tranquil. Our Southampton Correspondence. | Sovrnamrron, June 23, 1843. The Effect of the Mexican Treaty ww England— The Relations between Great Britain and Mexico | —The West India Colonies— Ministerial Changes | —Intentions of the English in the Pacific—Ame- rican Steamers, §c. §c. $c. Thave very little news to communicate to you from Southamptonithis week. The steamer Tay, from the West Indies and Mexico, arrived on the evening of the 20th. ‘The intelligence she brought | from Vera Cruz, was to the effect that the treaty | between Mexico and the United States would po- | sitively be ratified. This prepared us for impor- tant news, received by the Hibernia, via Liverpool, to-day, that the treaty had been ratified at Quere- | taro, by a considerable majority. | . | ‘The news of the ratification of the treaty, so es- sential to the isterests of both Mexicoand the Uni- ted States, is variously commented upon in England, Should Mexico bo able to establish @ firm form of go- | vernment, after the withdrawal of the American troops from its territory, and should that government be en- | abled to preserve order, provide for the due service of the departments, so as to allow trade and commerog to reaume something like its usual course, then British merchants will have cause for rejoicing at the establish- ment of pe But it is feared that the worst rosulta are to be apprehended for the Mexican republic; that internal dissentions will take the place of foreign war, and that anything like peace, security for property, or regularity in the affairs of business, can hardly be looked for yet some time to come. | The Tay brought on freight from Vera Cruz $745,000 | on merchants’ account, also 473 serons of cochineal, and other valuable goods, Sir Henry Light, R. H. B. late Governor of Demerara, was one of the passenge It was reported by the Tay, that $2,000,000 were to ai rive by a conducta, at Tampico, under escort from the | city of Mexico, for shipment to England. Large re- mittances are expected home from Mexico, to the ex- tent of $10 000,000, so soon as the peace was certain and the mines could resume working. It is now a matter of much interest amongst the mo: ueyed class, as to whether there exists any chanee for the holders of Mexican bonds to obtain a s ttlement of their claim against the country and government of exico. You are aware that the public foreign debt of Moxi- co amvunts to nearly £10,000,000 sterling, say $50,000,- 000, and that the bonds, bearing an interest of 5 per cent , representing that debt, are held principally on the stock exchanges of Lond: id Amsterdam; there are now three or four half-Jearly dividends due on Mexican bonds remaining unpaid, aud the quotation, at present, on the London exchange, ia 16% to 1634 per £100 bond; that is, a bond of the republic of Mexico for £100 sterling. bearing an interest of 5 per cent per annum, and cote two years interest (£10) due upon ly it, may be currently bought or eold in the market for | £16 to £16 10s. Such a low price as this ruling for the bonds, is a convincing proof that speculators and capi- talists do not possess much confidence in the stability of the present Mexican administration, nor do they see any very carly prospect of a settlement of the bond holders’ claims. ‘It is stated that large purchases of | there securities have been made on American account; but it is not generally believed. Hopes aro entertain- ed that some part of the payments that are to be made by the United States to Mexico, according to the terms of the treaty, will be devoted to a payment of interest of the Mexican debt. J should add, that th» ratifica- | tion of the treaty bas improved the price of Mexican storks. The steamer Thames gailed on the 21st for the West Indies, with the usual mails. She was detained from the 17th, her regular day of sailing, to the 2lst, in order to take out to the British West India colonies the result of the debate on Lord John Russell's plan for relief to the suffering West Indians. As, however, the debate was adjourned till the 22d, (last night) it was thought better to send her away in order that the intercolonial mails might not-be interrupted. The mea- re of Lord John Russell was voted by ali parties to | be insufiicient for its object, and not sufficiently com- rehensive to afford any real relief to the British West ndies. The measure was peculiarly inopportune, as parties in England are now constituted, and seemed | to give satisfaction to no one. ‘Phe conservatives and rotectionists, led by Lord George Bentinck, opposed it in virtue of its being utterly inadequate to the relief of the vast distress existing in the colonies; while, on | the other hand, the free traders, led by Mr. Cobden and Mr, Bright, gave it unqualified opposition on the ground of its infringement of the principles of free trado. It is thought by some that on this sugar ques- tion, as connected with the West Indies, there will be some change in the Cabinet, and that the ministry will go out, or undergo important. modifications.— Sir Charles Wood, the present Chancellor of the | Exchequer, was ‘mentioned as being intended | for the Premicrship—Lord John Russell to be elevated to the upper house; the Earl of Hardinge, late governor general of India, to be vice | roy of Ireland, in place of the Earl of Clarendon, Whe- | ther these reports are truc or not, 'tis very hard to | say; but it is certain that a more unfortunate or inca- pable government never existed in England. Not a single measure of practical utility has been proposed, and every measure brought forward has been characterized by that temporizing, do nothing, no use sort of policy which has always distinguished an aristocratic whig governmont It is almost the gencral | desire to see Sir Robert Peel at the helm of affairs—he has the confidence of the country,and possesses the in- ndence to propose measures sweeping and effective, he Ripon steamer sailed on the 20th with the East India and China mails, having on board Admiral Sir Francis Collier, who proceeds to Hong Kong, with his secretary and flag lieutenant, to take command of the British naval forces in the Chinese seas. Some reports have been circulated that the admiral was to prepare for instructions, to be subsequently forwarded, to make a demonstration against Manilla and the Phillipine islands, in consequence of the Spanish dispute. 'Tis certain that Lord Palmerston and the British goyvern- ment have an {dea that now is a fitting opportunity to force the claims of British creditors upon the notice of the Spanish government, and to demand a settlement, in some way or the other before diplomatic relations cun beresumed. ‘Tis very doubtful if Admiral Collier has any instructions to seize the Phillipines; but it is not unlikely that the gallant admiral may have been instructed to hold himself in readiness, in the overt of such a proceeding being found necessary in Downing street, | You willlearn by the newspapers that the overland Indian mail arrived in London on Wednesday the 2Ist, with dates from Calcutta to the 2d May, and Bom- bay 12th May, and brought confirmatory accounts of the murder ef Mr. Van Agnew, of the Bengal civil service, and Lieut. Anderson, of the Bombay Fusileors, two representatives of the East India Company, at | Moultau. By these advices, it would appear that the two unfortunate gentlemen were bratally assassinated, without @ shadow of pretext, and in the discharge of | their duty, This Jamentable incident and subsequent insurreetion, will, it is thought, lead to serious diflicul- ties on the northern frontiers of British India, The hot season was setting in when the outrage was com- mitted, and it would be some months ere the East [n- dia Company's troops would be able to move upon the | disaffected district: in the meantime, it is only na- | tural to suppose that the insurrection would’ gain ground, and that Dewan Mooiraj will be joined by all | the hordes of turbulent men of the late army of La- | hore, disbanded upon the occupation of the Punjaub by the English forces. It may, therefore, be expected that in the course of a few months, some engagements will take place, and that tho usual accounts of the senguinary conflicts generally attending war in India will be received. I have no news to send you from Spain or Portugal, ve had no arrival from the Biseayan ports, adrid is due on the 2ith, with the Spanish and Portuguese mails, and noxt week I shall have some- thing to communicate Ths American steamer United States is due at Havre to-day or to-morrow, and the mail steamer Hermann looked for off Cowes on the Sth proximo. It is a | great pity the Ocean Steam Navigation Company can- not manage to keep up a regular steam communication between New York and Southampton. Off all other places, Lam convinced (perhaps excepting Liverpool) Southampton is the best port for trafticto New York by steam. Just opposite to Havre, it commands great traffic from France, and being so clore to Lon- don, and by London with the North of Europe, it must attract all travellers desirous of proceeding to the United States, when a good and regular line of steamers shalt have been established. It was reported here. but not confirmed, that the owners of the Uni- ted States were about to arrange with the Ocean Steam Company, for that yessel to run upon the New York, Southampton and Bremen line, If this be true, it will certainty be gn advantageous arrangement for all parties. Union is strength, and in the present State of American ocean steam navigation, a union of all conflicting interests would be better than competition, Our French Correspondence, Panis, June 22, 1848. The New Constitution of Prance--The’ Felings of the Radicals—The Resignation of Prince Louis Napoleon— Tie Pretenders in the Fiedd—The Ef- forts to ruin the Republic—The Fears of the Rich, Se., Ge. ‘The great event of the week has been the pub- lication of the project of the constitution, which I send you, This project, as might have been anti- 2 | isthe uncle of the Count de Paris; the Prince of Leuch- | these portraits, bearing one stuck on # board at the furious, It has done every thing except destroying the rights of property and the ties of family. | Madame Georges Sand, whom you must know is the most rabid of demoorats, declarcs that a President cli- gible at intervals of four years, or only throe, is as bad as @ King; and Chambers lasting three years, have all the vices of © monarchy. This remarkable lady would havo annual parliaments, annual presidents, an- nual magistrates; in fact nothing would be stable if she had her will, «nd Franco would be the theatre of chronic excitement. Another event which has signalised the interval since my last letter, has been the resignation of Prince | Louir Napoleon, who, you will recollect, was elected a representative in the Assembly for no less than ‘four departments. Nothing could exceed the popular excitement which | followed the announcement of his approach to the French capital, The executive government resorted to every practicable means to induce the Assembly to pronounce his exclusion, but was all in vain ; his ad- mission was voted by @ large majority. The letters which ho addressed to tho President of the Assembly | afterwards became subjects of contyntion and discus- sion, His name was adopted as a watchword in the streets by the populace, and in some instances in the barracks by the military. ‘Tho govern became alarmed, and it was announced that they would apply to the Assembly again for adecreo of exclusion. In | the midst of this excitement another letter arrived from the Prince, greatly to the astonishment of all, in | which be resigned his commission as representative, on the ground of not wishing to be the means of exciting disturbances in France, imputing, however, the distur- bances to the hostility manifested against him by the government. I do not give there letters here as you will soo them in fullin the London journals. This resignation of course put anend to any further hostile proceedings on the part of the government, but it has ouly aug mented the popularity of thy nephew of the Einperor, Ihave just learned that he bas been elected Colonel of one ofthe legions of the National Guard of the Banlieue, and is likely to be elected Colonel of the 2nd legion of Paris Noone entertains a doubt that he will again be returned by still larger majorities for one or more de- artments. Ina word, the melée which is now about 0 ensue in France, owing to the conflicts of parties, will make the chances of the Imperial family not at all bad. ‘We bave now several pretenders in the field: there ia the Duke of Bordeaux, the Princo de Joinville, who tenburg, son-in-law of the Emperor of Russia, another Bonaparte ; besides, the sons of Lucien, late Prince of Canino, and Jerome, ex-King of Westphalia. It will scarcely be believed by your publio, that tl republic here is now actually unpopular with the masses. The fact is nevertheless indubitable. For several nights the populace have collected at va- nolosed a copy of the Fetter of thanks to all the electors who hi me ‘The ietter will be found annexed.) Lave the goodness, ter to my cal league: ont, to communicate this lett bag LOUIS NAPOLKOS The utmost agitation followed the reading of this let ! an A number of representatives quitted their placa, ani nimated groups were formed in every part of the Gaembes. Several deputics rushed together to the tri- ne. ‘Tho Mixistxr or Wan said he should not oxpross alt his thoughts, but he could uot help remarking that ta » the document just read, and which had become » mat- tor of history, the word ‘republic!’ was not oven meu- tioned. He pointed out this omission to the notice of the Astembly, and of the whole country. (Loud crlos Of “Vive la Kepublique.”) M. Baunx must protest, in the name of all his col leagues, against tho declaration of war of the pratender. They would not have pretenders, but it was necessary that France should know how that impradent oitisom had responded to the generosity of the Aasembl. He handed over the letter which had just been ite just contempt. M. A. Tuounrr—From the emotion which animated all the Assembly, it was ovident that all prosent were defenders of tho republic. Ho must, however, oint out one expression in that lotter—“if the Impose on me duties I shall know how to fulfill them.” ‘That was in his opinion an appeal to revolt, and he de- manded that the Assembly should immediately de cree that Louis Bonaparte had ceased to be a reprose f the people —(Loud and violent agitation ) Ministers of Commerce and of War were in the tribune. The Minister of Finance approached thom and made some remarks, but which were perfeotly im- | audible from the extraordinar: agitation which Yailed in the chamber. ‘The Minister of War remalacd alone in the tribune. ‘The Presipent—Whilo the discussion was going and I was adding that to the letter I bad read was nexed a copy of one sent to the electers ived menace of which I should wish to know the author. Let the doors be instantly cloned; it is a threat against the representatives and against the President of the ional Astembly. It is as followe;— Citizens,—If you do not read the address of thanks to the elee tors, 1 declare you to be traitors to the country.” It is signed Auguste Blum, formerly a pupil of the Pafyteehnic School. This note is written by a ma@- man, It had been announced to mo as being writ by a public functionary, but I now learn that Jt oa from an unknown person who threw it from the pub- lic tribune. That circumstance takes from it much of its gravity. ‘The Mixistex or Wan should make no proposition rious points, and particularly in the square in front of the Hotel do Ville, where the general cry has beon “Vive Napoleon!’ “ Vive l'Empereur! The night before last, an individual had the imprudence to cry, “Vivala République !? when he was immediately seiz- ed by the mob, and carried to the quay wall to be flung into the river. He was only saved by the interposition of the military poe rea the latter of whom suffered severely in the conflict. ‘The Boulevards and other public thoroughfares swarm with hawkers, selling at sou a piece, little copper medals, bearing the éfigy of Louls Napoleon. Some millions of these have, they say, been put in oircula- tion. Portraits of the Prince are also stuck up in the principal thoroughfares. Hawkers are also seen selling end of a pole. Innumerable caricatures are exhibited, having refur- ence to this state of things. One of them represonts the Prince de Joinville and Prince Louis Napoleon pre- senting themselves to the French populace, the former bearing the Gallic cock, and exclaiming “ Je suis Vonc demon neveu!? and the latter bearing the imperial eagle, and saying, “Je suis le neveu de mon oncle ! Meanwhile miscry etalke abroad. Wealth, rank and fashion have vanished from the French capital—the laces of public amusement are empty, and threaten, tis said. to close their doors. There are 100,000 un- employed operatives in Paris alone, receiving » dally stipend of thirty sous from the State for nominal labor, and inthe whoie of France, it is estimated that tho operatives similarly supported, are receiving from the Siate a gratuity at the rate of 80,000 millions of francs year. Frivate enterprises are thus doubly rendered incapable; the pressure necessarily consequent on the present state of things would be bad enough, but the operatives now demand exorbitant wages, knowing that they have the aleliers nationaus to fall back upon. What the Inmuv of all this WII be, nO oneCaNn ; Dut the higher classes fear it will terminate either in anarchy and terror on the one hand, or a military des- potism on the other. INVESTIGATOR. Pants, June 22, 1848. The Bourse and Money Market. ‘The adjournment of the discussions on the rail- | ways has nearly put astop to all business, and this, added to the uncertainty of all financial measures, enables me to report no changes of any importance | since my last. i Every one was disposed to think, before it was made known, that the great financial secret of M. Duclere would exercise a marked influence on the public funds; the Minister himself made it a mys- tery, under the apprehension, as he gaad, lest it should be known too soon, and occasion an inop- | portune rise; but the speculative world do not hold, it seems, the Finance Minister in guflicient rever- ence, for on the very day when it was published, there was only a rise of twenty-five centimes on the five per cents, and none at all on the threes. This proves that at the Bourse this much boasted scheme is considered impracticable, and that speculators have sufficient confidence in its being rejected by the good | sense of the National Assembly. Bombastic and exaggerated language goes for very little at the Bourse; they are more apt to be convinced by dry figures and practical plans, and they were not very much disposed to believe M. Garnier Pages on his mere assertion, that he had fornd @ means of convert- ing the large deficit bequeathed by the monarchy into | — Tore and shouted Ty e siti further than that the chamber should adjourn the dia- cussion till to-morrow. Srvenat Vorces—No! no! We must deliberate forte- with; the writer of this insulting letter must be deolar- ed unworthy to form part of the National Assembly | Ornen Memuens—lIn his letter of thanks to the elee- tors. he speaks of the necessity of joining th in « the republic, but not of being faithful to the rep Som Vorces—Adjourn to to-morrow. Orner Voicrs—No! We must finish the matter forthwith! M. Jutxs Favne—There is in this Assembly only one sentiment. A Voice—That is not so sure! M Juces Favan— | repeat what I said, and I am eure that the perrons whe thns interrupt me are not aware how much they insult the Assembl, Tsay that there is only one sentiment here—that of indignation. When our 7th bureau proposed to you the admission of Louis ‘apoleon Bonaparte, no doubt bad arisen as to the conditions of that act. But if, two days after, hesends forth an insolent challenge to the national sovereignty, itisour duty to reply to it. (Hear, hear.) I a1 opinion that the Assembly cannot separate without having Boge = a resolution declaring that if it respeete any right which may exist it is unanimous in opposing all dynastic pretensions. I sald before, and [ now re- peat it, that the moment there appears. suy indication of @ plot, proceedings ought to be instituted. I demand that the letter, and the document which accompanied: it, be at once placed in the hands of the Ministor of Justice. (Loud cries of “ Y fer, Great agi " The Minister of Fivance—The hon. representative who has just epoken tells you that. when he proposed the admission of Louis Napoleon, he was not aware of that person’s intentions relative to the republic. The government, however, knew it, though itwas not im possession of sufficient proots to show that he was re- sponsible for the facts which had come to their know- ledge. Under the circumstances, I think that it will be most dignified in you not to act in any way precipitate- ly, but to suspend your decision until to-morrow. (Phe utmort agitation.) M. Durnat demanded the suppression of the Lotter addressed by Louis Napoleon to the electors. (Yes! yes!’—“No! no!”’) General Curment Trtomas said—Citizons, a proposi- tion has been made to you to postpone until to-morrow this discussion. Well, then, it the information which lias reached me be correct, It Is in all probability « bat- tle which you will have to fight to-morrow. (General agitation.) Idemand that you declare that any citi- zen who dares to take up arms to support the cause of a despot—(“Yes! yes!’—“ Vive la Republique !)—shal be placed hors la ioi. (Hear! hear! Agitation.) Mr. E. Anacoand M. Dvetenc both hurried to the tribune, but the nolse prevented any one. from being ward. ‘The Puesipenr—Gentlemon, in the midst of the va- rious propositions which have been made. it appears te me that it is for the dignity of the Assombly not te make any alteration in the order of its deliberation: Let us not impart more importance than it desorves te an incident which, after all, may not be as grave as it first appears. Let us maintain our order of the day. - Besides. we shall have this evening a réunion de famille, at which we can speak of this matter. (Hear! hear!) The hon. gentloman alluded apparently to his owm reception in the evenin The Minister or Fivancr—Be certain, citizens, that the republic will not perish, because you postpone your deliberation. (Loud approbation. The whole la Republique ?') ‘The sitting was brought to a close at a quarter past seven amidst the greatest excitement. THE ADDRESS OF LOUIS NAPOLEON. The following is the address of M. Louis Napoleom Bonaparte to the electors of the departments of the Seine, the Yonne, the Sarthe, and the Charente Infe- rieure, who have returned him into the National Assembly. It is dated London, June 11: “Crrizens—Your suffrages fill me with gratitude. This mark of sym pathy is the more flattering to mo as it was unsolicited om Py part and reached me at» moment, when I regretted i netive, when the country had need of all its children to extri- cate it from the difficulties in which it was placed, Your oonfl- dence imposes on me duiies which I shall know how to fulfil; our interests, our sentiments, and our wishes 4 ouile a it, Paris, and smtadive of the peoploy I shall wal sand now & representative of the paop! my efforts to thore of ny, collengoae to repatebl order, credit a surplus. They aro not, therefore, very much disap- pointed in the abortive scheme of his lecum tenens, M. | Duclerc. In the resources so pompously exhibited, there is but one serious item—the loan of |150 millions | by the bank; but this would have been (as M. Thiers has very justly ‘said in the Committee of Finance) much | better negotiated directly with the public. It involves | the creation of a certain amount of paper money by the bank and although the Minister has decidedly and wisoly set his face against paper money, we must not de- | ceive eurselves by mere phrases, M. Duclerc does not, | it seme, like the iden of negotiating a loan, g'ving 6 per cent at 70, as if, with the able policy which now directs | public affaire, there was not a much greater chance that | prices would rule below rather than above that quota- tion. But it is of little avail to discuss his plan, since | it is pretty well understood that it will, if not altoge- | ther, at least all except the loan of the 150 millions, be | rejected. His budget says not a word of the .teliers Nationaux, | that grave question which perbaps alarms the National | Assembly still more than the Bourse. Men of business know that there is a very short method of closing the Ateliers Nationave—it is to open private establish- | ments, But to effect this, confidence must be restored, and torestore confidence there must be an end put to | troubles by the authors of circulars and placards, by | those who conspire for anarchy, by those who wish to | introduce communism into business, who menace all | trades, all property, and are daily renewing alarm and those financiers who proclaim in the Assembly that public faith is not inviolably to be kept, must hold | another language, Let these men cease their projects, | and enpital and confidence will reappear. | In brief there will be a complete stagnation of affairs at the Bouree until order shall be firmly restored, and the great financial question be placed on some certain and settled basis, ‘Threes closed yesterday at 45 4 50, and fives at 63 a 50, the post leaving too early to enable me to give the quotations of to-day. Since the above was written the Committes of Finance. charged with the examination of the finan- cial state of the country, has made its report to t Assembly, in which it says, that, in liew of the millions of disposable funds st result from his plan, they would amount to '250_ millions, 1 lions, the loan from the bank, and’ 100 millions from the issue of stock to the vors general in the de- partments, and the sale of certain parts of the lands of the domains, of which 250 millions, from 120 to 140 | millions, would’ be absorbed by the deficit of the year 1848, With this, however, they calculate that’ the State could arrive at the end of 1848, and thus, by | gaining time, gain eufety and credit, Credit (observes | the report) can only be founded on a faithful fuidimont | of engagements, A State, ax a private power, ean have no credit, who does not pay its debts. For this reason the committee recommend that the Dons du tresor and tho depositors in the savings banks, should be | paid in stock, at the current prices of theday. The | committee persist (they say) in this recommendation, | in opposition to the opinion of the Minister.of Fi- nance ‘The only part of the project of the minister likely | to be adopted by the Assembly, is the loan borrowing millions from the bank. Necker, The Napoleon xeltement the Prench House of Assembly—Tne Letters of the Prince Louts Napoleon | SITTING OF JUNE 15. ‘The Presipess here rose, and read to the Assembly the following letter from Louis Napoleon Bonaparte, | which, he enidg was of great importance, and which he | had only that momont received. It is dated “Lowpow, June 24, | sieur le President—I was abgut to set off in order to appoar post,-when [ learnt that my election tind heen made the pre- toxt cipated, has samafied no party, but, most éf all, the ultra democrats are enraged beyond all bounds att. I Aisorders avd disastrous orrors. | L repudiate all the saspi- Gions of which | have begn the object, for 1 acek not for powor, “It the people inpore duties on me T stall know how to. Culill them (movement nit T disavow all thove who Avo mado use of my name which L bear iv above all at clory, anal, Matyas than be Jehu pevir ranalningta, | moat devoted anid lator; to seoure peace abruad, to consolidate domocratio in- stitutions, and to reconcile interests which now appear hostile, becanse parties are suspecting and struggling against exoh instead Uf working for one Common, olject—the prospert grandeur of the country. ‘The people have been free since the 2eh of February. They can obtain all they want without having recourse to brute force, Let us, then, rally round the altar of our country, under the thig of the republic, and give to the world the nd afeotacle of people rezencrating themselves without viow lenco, civil war, oF anarchy. Reoeive tho assurance of my sym~ pathy and devotedness.” SITTING OF JUNE 16, A number of workmen were assembled outside the chamber long before the hour of business. All along the bridge, down the quays. and on the Place de la Concorde, groups were formed, discussing the probable course which the Assembly would adopt relative to Louis Napoleon. ‘The crowd inc: towards the hour when the public sitting was to commence. It would appear that the day was not expected to pass over quietly, as the National Guards had been warned d domicile to keep themselves in readiness to come out on the first notice. No troops were posted outside the amber, but, at the palace itself, the guard had been every where doubled. Inside, great agitation was perceptible, even before the proceedings commenced. Groups were collected conversing with animation, and it was long before the members could be induced to take their places, to let the proces-verbal be read. The Parsivenr took the chair at a quarter past one, The Presinent rose and said, | have an important communication to make to the Assembly. (Deep si- lence.) I have received a new letter trom citizen Louie Napoleon Bonaparte, It is dated “ London, June 15, and was delivered to me this morning, by ® person who left London yesterday evening, at balf-past eight. order to obviate all chance of mistake or mysti 1 have taken ev means to verify the autl of this letter. ‘The bearer of it was M. Freder fault, homme de lettres, residing of late in London, but at present stopping at the Hotel de Holland, Rue dela Paix, at Paris. He placed the letter in my hands this day, at half-past twelve, and I feel sure that it comes from the person whose name it bears, Having promised so much, I shall now read the document to the Assem- bly. (Hear, hear.) ieUR Le Presinent—T was proud to have been oleate opresentative nt Paris, and in three other d fact was in my eyed an ampio reparation and six of captivity; but the offensive suspicions wi on has given birth to, the troubles of whi bee: Trretext—anid the hoeulity inanifogted. by the, Exneutt ve Govern- went, impose on me the duty of refusing anhonor whichis at tributed to intrigne. “desire or the maintenance of » grand and iutelligost; and since, involuntarily, I beg leave—thovgh not without deep regret—to ion in your hands, (Movement.) ease a eee calms Wlil bo resvaced, 8a Srifl pean sed: to Fos tor to France, ae the most simple of ber citizens, but also as one the repomo and prosperity of my country. “Reooive, Monsieur le President, theassurance of my most die tinguished eonsideratio " LOUIS NAPOLEON BONAPARTE.” Loud approbation burst forth from all parts of the Assembly, when the President concluded. ‘The agita- tion which ensued lasted for some time, The Pxesinent—As the admission of the citizem Louis Napoleon Bonaparte was pronounced, with the reserve that he should prove his age and nationality, [ think I shail act most correctly in Veannmiting da letter to the Minister of the Interior, to allow him¢o act on it as he may deem proper, with a view to anew election, (Hear.] Sevenat Vorors—The order of the dagt - A Vorcr—I the resignation adop P From ate Strom 8, yes; lot us now proceed to the order of the day. Important ernie aopapae ee bite, prude Tarot iooetee Place my rosig- ponte te June 20.) From Gailignapi’s Megeonger, June 20. ‘The sittin of the National Assembly yesterday was marked by a mostimportant eyent—the pre- sentation of the draft of the constitution for the French republic, This important document, which was read to the Assembly by M. Armand Marrasty the reporter of the apesind committes appointed to draw it up, exerted: thy deepest interest, and was