Newspaper of The New York Herald, August 21, 1848, Page 1

Newspaper of The New York Herald dated August 21, 1848 Page 1
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T H pu.-ir-.vNO. 5190. AFFAIRS IN THE OLD WORLD. Important French and Russian Documents. OUR FOREIGN DESPATCHES, &Ci? Ac,, Ac, Our English Correspondence. London, August 4,1S48 . The Stale of Ireland?Sardinia?Italy?Condition of Europe?The English and Scotch Chartists. Tbe long thrtatened r< bullion in Ireland has at length commenced, and whatever may be the issue of the event at the present moment, it will give birth to circumstances which will, at no remote day, secure the liberation of that unhappy land from the gripe of of its oppressors. Coercion as a general rule of action* can never govern a people; and the vaunted boast of the Engl eh prees, that the sword must be the only In Ip^l. nil la nc fall a air. lis a a If la l.aufal i'he oentiinent ef the picss thue uttered, is that o nine-tenths of the upper and middle classes in Eng" land; and isolated opinions, even if moderately expressed to the contrary, are treated as emanations from revolutionary propagandists. The restraint that thus fetters the free expression of opinion respecting Ireland, must be variously attributed? for, with some, it may arise from a fear of injury to private interests; with others, to a spirit of mastery in warfare, whilst with the greater part. it may be attributed to fear o anarchy and bloodshed which, In every probability, wouldocour in England, were that in the sister country successful. That ardent reformers and philanthropists should condemn wanton outrage and anarchy, is natural; but that the efforts of almost an entire people to shake off an irksome and protracted misrule, orising from a difference of iutere-ts, religion, and habits, should be Tesisted by the great majority of the educated classes, can only be accounted for by a fear of a change for the worse as respects English interests. American readers may, in some measure, judge of the kind of justice that has been measured out to Ireland for the last half centurv. and. at the same time, loarn to an predate. as no doubt ihej do, the blessings of freedom and abundance, by a sligbt retrospect, commencing with the suspension of the habeas corpus act In 1800: again three years, namely, from 1802 till 1805; then irom 1807 till 1810; also, in 1814; being again renewed from 1822 till 1S24; and, lastly, let it be hoped, in the present year, 1848 During the above period, martial law existed for two years, and numerous coercion and arms acts were passed. Can it be supposed that the suspension of the constitutional liberties of eight millions of people should be quietly submitted to. the more so, when that suspension "has been made by a legislature, who. with a savage enthusiasm, trauipied under foot their standing orders, and in one night read three times and passed un act, with only eight dissenting voices, for immuring in a prison any citizen at the mere will or caprice of the Viceroy or lus officials? " Hope deferred maketh the heart siek," is a proverb tbat well applies to the piatient suffering ol Ireland; for. Is any one ignorant <f the niobsirous injustice perpetrated by an overgrown church establishment, which extracts enormous wealth from a starving people; and is it not unjust that this people should cultivate the soil for a rapacious aristocracy, w lio secure a gross agricultural produce, estimated at eighty millions sterling, leaving scarcely the tares to support a miserable existence. Divine, indeed, is the injunction that forbids the muzzling of the ox tliut treads out the corn; but, hitherto, it is one that has not penetrated the hearts of the Irish landowner. The preceding brief and imperfect summary induces n truin of melancholy feeling. which there is no reasonable hope, will be Immediately dispelled. 1 he ardent friends of Irish freedom would view the present outbreak erroneously were tbey kto calculate ou a present successful "issue of the contest; they inuat bear in mind that a government, having cveu a comparatively small force at Its disposal, has the advantages arising from system and oiganlzation to battle a whole population? the more so, when that government has the countenance and support of nearly the whole of the middle classes in Knglnnd and Scotland, independent of its being a death struggle for the maintenance of F.nglisb supremacy, which will only be surrendered at a terrible price. Whilst, however, the prevailing opinion is given as to the unsuccessful issue of the contest, it would be wrong not to mention the fact that, in the year 1708, it requiri d an army of one hundred thousand men to suppress the Irish rebellion, and now it is proposed to effect the i ame purpose with forty-tive thous and men, wh'ch however may be accauutei for by improvements in the mode of warfare, especially In the use if rockets which are raid to deal awful destruction amongst large masses of people. It is also worthy of note, that the Hebrew Chronicle rebukes the toue of levity which its brethren assume towards the ' rebel crew," and,the 'aspiring traitor," as tbi-y style \!r Smith O'Brien It shows clearly that in Ireland there "* exists more than en< ugh of material wherewith not only to make a formidable but a successful revolt aud mai, u iv mil*, iv if gwinji vu ing rrivi nawng uoc 11 hurried on too soon hy government. and thus left the organization in piogr? kr incomplete and abortive It is certain that had not, matter* assuintd a serious aspect, it is not probable that General Napier would nave been sent there; and it affords some evidence of a darkening of the cloud, that he should have bei u so quickly followed by Lord Harding. Inieference to the foregoing remarks, it may not bo out of place to observe that, in England. American sympathy and proffered aid Is variously viewed, 'i'he rational one, however, attributes to those who drew their first breath in Ireland, and probsbly left it uuder the impulse of irritated feelings, caused by want nnd oppression?those extreme measures which alike provoke the mirth aud the spleen of the Euglish autocrat, whilst to the American, of education und position, it attributes a sympa'by for suffering and oppression as exhibited by the unhappy Celt. Turning to other sources of anxiety, which present themselves to the notice of government, the most serious, or, to epi ?k more appropriately, the most alarming. is the position of King < harles Albert, of Sardinia. A succession of defeats, by the Austrians, has. it is said, now induced him. as a last and unwilling resource, to claim French intervention. Sixty thousand men are demanded with great urgency, and it is considered doubtful whether they can be furnished, as the intestine affairs of France require almost her whole available force to keep the communist population in proper subordination. Whilst every one must regret this reverse of fortune to the cause of liberty in Lornbardy. few will sympathize with this royal hypocrite, who. in espousing the cause of freedom, iu reality sought his own aggrand zement in aspiring to the possession of the iron crown. it is still possible that the long cherished hope of France will be realised iu the liberation of Italy through the Instrumentality of her arms, and that peninsula knit into a compact republic, to the exclusion of the Sardinian republic. Whether General < avaignan will in this respect consider it safe to resist the ropular will in France, remains to be seen It is beyond matter of speculation that England has urged every obstacle in the way of such an intervention; and It is feared that the influence of the English ambassador at Paris has had t-uch an effect on ihe General, that Austrian rule will be again established in Italy. The Lombards are somewhat similar to the Irish, in seeking too much for foreign aid. instead of depending upon tneir own energies and resources. On iho fate of Italy depends al most the existence or Ihe annihilation of royalty in Europe; and a successful French intervention, ba-ed on proper principles. Is apprehended by the ruling potentates with horror, knowing full well when that event occurs that the political death-knell will be sounding in their ears. 'I he British aristocracy saw clearly the coming storm, but vain and fruitless was Lord Minto's mission to Switzerland anil Italy, and equally hopeless Ms endeavors to reconcile the Siclllnns to their former The summary of these remarks is brief, and point clearly to the perfect politico! <li of Italy. and at the same time of kurope. should integrity of purIose guide and terminate the intervention of Kranee, ingland dreads it more than any other ovcnt that c< uld occur; and It is amusing to ol>serT<< the cringing whine of the 7Van. as it urg? s on Kranee mediation, rather than an armed Intervention, in seeking a solution to the adjustment of Italian nlTairs It appears certain that the King of Trus-ia Is also a1 armed. a* he had declared to the Kreneh Knvoy at llerltn, that he will oppose either * n Intervention or any attompt to establish an Italian republic, and the probability Is that an undeManilleg exists between I ngland and True-da. that tin y will oppose either of the above objects being carried into effect, if they ran do so with any degree of safety, and without involving themselves in a general war. which the Kngli-h people would nover allow their government to plunge them into. It may be a criterion whereon to judge In a certain degree of the relative importance attached to the rente passing In thise countries namely. In Italy, kranca, (fern,any and Ireland, hy tholr effect on Kngllsh securities In this respect they are only sendbly affected by events occurring In Italy, whioh goes to prove the accuracy of the proceeding remarks, and shows how sensitively a'iro are capitalists to circumstances which they ronatder likely to affect the existing order of things. Atlwm.. ?m. t. .....J ...I..V, ...! ? In raroua town*; and at Liverpool, where the Irl'h abound, the authoritlea, alarmed at the vaporing apaecbea of their leader*, who threaten to born the [ town and alilpping. Iiuto. at tbn anggeation of a m'ii-tiboring nobleman, actually petitioned Paillaioent to l euapend tbe liabea* ( orpuaact. an regarded that town. IThe Inhabitant*, naturally Indignant at nurh an Indelible stain bring caat on th? town. prayed Parllamant to pay no attention to the former petition, and atatlng both their ability and power to anppraaa tnmult and diaorder. The height* at Kverton are crowned with a atrong military encampment in tent* to protect, or rather g ve aaurance to the timid. Mmoheater eceaaarlly eontuiua a vaet amount of Iriah, who alao hare their club*, but no undue alarm hta been . created thara, a? the aulhorttie* are not only in ire ?li jllar.t but more a*perlenc- d in the auppreeaion of tumultuou* a?armblagoa. In London, the M?tr >pclltaa E NE MORNINt Police have appeared, each with a sabre by his side, and walking in oouple* instead of singly, much after the fashion of the Frenoh Gendarmerie. At the present moment chartism reposes ; it is not dead its eyes are so far closed that it only peers Those of its leaders who yet remain outlde a prison wall significantly assert that it only bides its time to reappear, andfo^lbe moment yields to thu passing blast that .. immures its chiefs In prisons, and silently meditates I its ultimate triumph. The recent sentences passed on the chartists cannot | be raid to have been severe; but it has been a matter that has caused not only regret, but disgust, to see the functions of tho judge usurped by the bloated Timre. which with an air of great nonchalance, itni post d a two years' imprisonment on each, which, on the following day. was modestly echoed by the Judge. Messrs. Dickens and Co have, in their American peregrinations, picked up, for the amusement of the English reader, various curious matters, and, among others, sketches illustrative of the administration of justiee in its courts of law; but it may be doubtful yi ueiiier, 111 Aiitfrii'u, irp uencu ih eueru??.i uuti mutated to by a bellowing journalist. It ih also matter of regret, even to those who are sticklers for loyalty, tbat the treatment of the chartist prisoners Is very severe; ,'odicfb ho. Indeed, tbat they are not allowed a spoon, and are obliged to eat their food more like brutes than human beings. The times are pregnant with events, and it behoves government, whilst it assumes an uttltude of tfrniness in tbe maintenance of order, to exercise a little mercy, as it might, in a certain measure, conciliate many who otherwise might become hostile to it; for, if ever a struggle begins in Kngland with any degree of success, it will be a sanguinary one, as : it is well known that nearly all thv elements that caused the horrors of tho first French revolution exist at this time here, namely, a corrupt feudal aristocracy . a partial taxation, an overgrown church establishment, a government of self-interest and patrnnnge, and, lastly, a profuse and lavish expenditure extracted lr< >m the starving ami toiling millions. The masses are uneasy and moving; they aro restrained by tbe sword, but such restraint cannot perman< ntly insure order, which, to be pure and lasting, ' must rome from a different source The business in I I'arliument is possessed of no particular inter.-st except Mr. Horsman's vigorous attack on the abuses of : the present church establish inept. He is feared both by the church and the ministry, who know they have in him an enemy of ability, patience, and determinu: tion to the accomplishment of his purpose, namely. . wmi 01 equalizing me income 01 ino oicrgy, ana in! creasing the efficiency of the establishment. Nothing. at the present moment, is said of any change of ministry. The incompetency of the present one is notorious, and a disgrace to the country; and some notion may be formed of its composition, by the fact, that oomanguimty, not talent, was the chief object in its formation; and it has been asserted by Mr. Osborne, in his place in Parliament, that the whole ministry of Lord John Hussell. with one individual exception, are related either by blood or marriage. Daily arrests are being made both of English and Scotch chartists. The arrest of the latter was effected I by government espionage in the Gla'gow post office? at least so say the Scotch papers. London, August 4,1S43?7 P. M. Slate rf I he English Press?New Ordnance Map? Slate of Trade?General Intelligence?Latest Theatrical and Political ATeres ? Money Market. We scarcely know whether to settle down quietly and think there will be no riot, or otherwise. Almost every hour one's ears are nearly split with the cries o< second and third editions of the daily papers, and it is not a little amusing to read the contradictory accounts they issue. The journals have reaped a perfect har. vest for the last half dozen months; the chartist, as well as the Irish events, have almost made the fortunes of the proprietors. Then to see the hosts of new publications that have sprung into being, some of which live, and others become defunct. The majority, how. ever, meet with the latter fate. The titles, too, ar? high sounding and patriotic?amongst them are The Commonwealth, The llefoi iiier,. The Standard of Freedom, The Republican, etc. Such is the condition of th? English press. 1 shall naw.give you a summary of th< minor occurrences of London, before I refer to the mort important metropolitan topics. The ordnance survey, of whioh 1 have apprized you, ii progressing, a whole army of engineers being about th< I town, to take the level of the various parts. Thecop j structinn of ti e map, notwithstanding the celerity wit) ' which it 'e reported 11 will*be ooia; letcd. is occasioninj 1 great dis.-aii.-tHCtion; for. afier all that has been sail ! about this national luap, it is not, it appears, to includi 1 any of the public buildings, nor will it distinguish thi i ecclesiastical or electoral boundaries of the metropolis j it would not be more surprising were we to hear thai . the river 1 homes is to be excluded, on account of iti i size. One good thing will result from the undertak ng some spirit* d publishers have taken advantage of tilt ; scaffolding erected on the top of St ra'ul's Cathedral ' and mt? ud taking a uazui rreotype view of London from | the summit. Jf the ordnance do ncb-mind what the} ' tre about with the map. ihe view ef the metropolis will j afiei all. be the main attraction. rablic meetings, to take into consideration varioui : <iuc*tlons referring to the political privileges of the people, arc being held almost nightly. A very large ! assmiblage met last evening at Westminster, to endeaj vor to obtain some alterations in the representative s}sftm. One of the metropolitan members presided and resolutions, expressing the necessity of an extension in the elective franchise, were drawn up. and carried amidst acclamation Emigration comes ir. for thi lion's share of popularity at the present moment ? I hvi ry one appears interacted in the movMuttut, and an I waiting their force to movo the government to take tin subject into their more immediate consideration.? There is one thing that I cannot help thinking, wen it Introduced wouid foster emigration wonderfully?I colonial penny postage system Frequent comniuni cation would naturally be the result of the measure andfiimtgrauts would leave in scores, where they onlj now have in dozens. Our provinces are quiet, InQ nitily more so lliau we have any reason to anticipate considering the continued unsettled s ate of othot parts of the globe. At ilochdale. at attempt was rnadi i to get up a char ttst meeting, but proved fruitless; ant at (ireeuock. in Scotland a couple of chartist leaders have hi en arrested. This is the whole of excitable intell'get.ce I have to give. The stateof trade in sonu ot the more importai t of our manufacturing towns, it not particularly lively, nor is it dull. At Manchester a weekly report is made up of the state of the lactones theia-t of which has been forwarded to me. It appears that, compared with the previous week, there art seven more mills working full time with the full nuui ber of handa; one less working full time, with pari only of the hands; a decrease of four working shori time, and a decrease of Ave stopped In the wholi nuu.hirof handa employed, it shoes a reduction o 314; hut there are 1 110 more on full time, and 470 lesi cm short time. There were last week 39 034 employed this week there are 39.220 This is abuut the most UDsa'ii-lactory account of the provinces?in othci places trade has slightly improved. I n Liverpool, foi ins>aiice. Canadian and American flour meet with ready sales at un inert;u.e of from Od to le per barrel If the clubs that are now held in some of the pro vinces were entirely suppressed, prices could not fai to advance?wliile tliey exist. it keep* every one in i stste of anxiety. Kifteen clubs are organized in Li I TtTBOOl nloiie. '1 tie Bank of British North America had a meeting nt their < Aire on Tuc.-day. for the election of a direct' or. in the place of Mr remherton, w ho has resigned Mr. tl Stewart was elected Thi re was another can Oidule nail ed, a Mr. Klin; but finding there was n< chance ot his being returned, he declined going to tin poll. The ( ah'donia arrived nt l.iveipool on the morninf of the 2d. bringing T'-Vl m o in spi eie. and forty-sever passenger*. In this c untry we are ail pleased at thi rapidity with which the Hoyal Mail steamers perforn the pa'sage between Liverpool and the 1'nited States The Niagara come* in for the honors, ns it nppear* shi twice on sard the Atlantic in the apace of 'i8J daya for thiatrea ure nearly all closed. Drury bane la shut up, and having refused Mr. Cooper m lei see, for the thoroughly Knglish performance that was to have bet n represented .there, is likely t< r< nu-in so The Princess', Strand, and Sadler's Wells are in n similar predicament; so is the Adelphi. th< while of the company baying migrated to the Hay maikit; and the subscription nights, at both tin opt marly run out 1 la lieve. that as Jennj Lied will retire from tbe stage after this season. Mr I iiinli'T ititi.i.ilu I.MM.. u... v,<i TV. ? o - a 1 ?" ltojnl Italian Opera (Covcnt Garden) troupe are about to atralpan.ate with the company at the Italian Opera t aring for their lesstu Mr Drlatleld, who now hold < omit Garden. lie hit* >erured tho service* of Mr Mitchell, as matingir; so that I don't suppose we shal hate the French playa again, at the St Jamea', undei Mr. Mitchell"* regime. Jenny l.ind will ahortly appeal In Haiti's opera ol " Kulstaffthe composer liavtnf written a new eavatiua for Jenny, It will be wort I litering It ie raid she has netted enornroua profit trim lierrecent theatrical i peculations ' William Jlowtit only realised i-'flt) by the copyright o Lis journal lie lias it iu contemplation. I bcllere, ti star' another. < n similar principles. The paihumeritnry debates, during the week, han not tiei n with the exc< ption of a few words about thi state of Ireland of |ariieoler importance A n gilt 01 two hack. Mr. Horn-man's motion about the church was introduced. It wes to consider the Knglish ehrireh ss regarded its temporalities, to get at the full value al Its property held under lease, and adopt such men Fures as may make the church revenues more conducive to the religious teaching of the people It wai natid, In the rourae of the debate, that the revenue! cf the i Lutch in Kngland and Wales, were upwards ol four and a half millions. "This money," said Mr lie nenian. "should form a fund solely fur the education and benefit of the jeople " As J,i rd John tlussell admitted tho justice aud net easily of the motion, pron isti g to do all he could for it at an early period, it v as w iibdts* n. hast ironing, the Sugar Duties bill went thioiifh another clause In committee, and an unimportant difcnsslon ttark place, on the corruption ai d bribery < f eh ctton hill 1 ou must hare heard iiw ntloned Uie name erf Mr Kdwnrd Bairn s. late M I*. frr Leeds, who was the pro pi let or ol the f.iriG .Wrrctiiy He died the day before yestirday During his life t .me ha gained respect In m those with whom he was thrown Intooonneetion i Originally apiln'rr, he, by perseverance and Ini'uatry, niansgid to become one of the head men of the town | of Let-da. At the lata elating propositions respecting WTO jr EDITION?NEW YO tin1 i.a'ional educationquestion hi' h'.ih wrote and spoke vi ry ^troug'y on the subject, lie wus also author of a very clever history of France. Two more chartists have been arrested in I.ondon ; their names arc Rryson and Shelo They were before the magistrate yesterday morning and s'and com- : mitti d to take their trial at the ensuing sessions A man v>n executed the other day at Winchester, fi r the murder of a man in Portsmouth dockyard. The North Western Itailway (late Birmingham) is in a very singular predicament. One hundred and twenty of tin ir engine drivers have struck for au increase of wpges, threatening the lives and persons of the dlreo- j tors, if their elaime are not satisfied. Not a very long time since, thev maile xtmli est inn for more nn whieh wtii- granted ; and thoir demand is now most unreasonahle. and. I need scarcely add. will not he granted, it is supposed they will be taken before the magis. trates. and the ringleaders thrown into jail. The conduct of the engine drivers is inexcusable, as they have privileges which aro not enjoyed by those employed on the other lines. The Washington has arrived at Southampton, after a passage of thirteen and a quarter days, bringing one day 's lettr news than the Caledonia The article on postage affairs in the New York Herald of the 20th ' ulto.. is exciting attention on this side of the Atlantic. 1 he money market is rather lower to day than for a few days past?a belief gaining ground in the Stock Kxchange that there will be a Krench intervention in Italy, is the cause of the decline. Consols have hoon done at 86>f to *[ ; reduced three per cents are quoted \ a J4 ; three and a quarter per cents. 87 to 87} j ; j long annuities. 8% to 15-16 ; exchequer bills. 37s to42s ' premium; India bonds, 30s to 34s premium; bank stock. to 198'i. II ail way matters still oontinuc flat ; F.astern counties are done at 14J? ; Great Western, S7 }i \ Blackwall's. 4,^; Northwestern, 126},; West-end. 1C3,'4 ; South Western. 47 ; Brighton. 30^ Buyers are scarce. Altogether, the money market is in a depressed condition. A report is flyiDg about London, that Smith O'Brien haa passed through some of the provincial towns, and embarked on hoard a Rotterdam steamer. I do not think there is any Truth in the rumor. Lord Hardinge has left its for Dublin. Our mall steamers on the Irish coast have guards of soldiers Southampton, August 4,1848. Our Steamers?Triumph of the Washington?Rumor of War in Europe?The late F.meute in Ireland?Rebellion Brewing in the South?The People Prepared, hut in Want of Leaders?Hews from Jlhroai. The Americans will have to sing a new song of triumph for the sueecss of another voyage of their ocean sieamsnips. me < aiedonia arrivra at uverpool on the 2d, having left New York on the lflth of July ? The Washington, which left exactly twenty-four hours after the Caledonia, succeeded in reaching Cowes at midnight of the tame day; thus performing a voyage of greater length, In twelve hours shorter space of time than the Caledonia. In the same weather, and under similar circumstances. Verily, and of a truth, the success which has recently attended the voyages of the United States,liermann,and Washington steamers, ought to stimulate the owners of those fine ships to renewed exertions, to make their property as convenient and regular as possible; aud then, as I ' have frequently, beforo stated, the New York. Southampton and Bremen line of steamers will speedily become one of the most healthy and prosperous of ocean steam undertakings, i It seems to be a pity, that certain members of Congress should quibble about the amounts paid for the ' ocean mail service, just because the first trial of a i certain enterprise, for a short time, has not responded to the rather too sanguine hopes that were entertained i in regard to the amount of postage for the conveyance of letters. This policy is narrow-minded and petulant. ! ' Home was not" builtin a day. The first introduction of great inventions, and the first adventures in \ i large undertakings, have usually resulted in loss ? 5 '-Success is secure, unless energy fails.'- if this motto j be a true one in individual schemes, bow much more j ' must it not apply to great national endeavors. No doubt the widespread in Hue nee of your valuable and 1 impartial journal, will act as a corrective to the ha-ty views entertaiued by some of the would-be legislas tors; and patriotic feeling should prompt a dismissal from the mind of tooiuany considerations involving ut'itt UUHU1I- BUli ucuvr 1 licit) la n wiuriva ' a JI n g in England. '-throw a splat to catch a herring1'?anil in thin light, mu. t be considered eveay assistance rendered by the government of the b ulled State*, to incorporated companies, for the establishment and ; extens'on of stenm communication. Nationally speak- , ing, it would be a disgrace for the United States to permit a foreign power to monopolize all the mail car- i rying business; and itis. moreover, an act of discre- j tie n. to patronize companies having ships that, in the i eientol war, could he converted into powerful and ! eCectivesteam frigates. so much for the oceau steamers, and I pass from | them to direct your earnest attention to the present i threatening stale of Europe, and to the prospect there exists for a general war This is a serious alfair. and demauds the exercise of the most deliberate con-ider- . at ion, Europe at the present moment can only be cornpan d to a candle burning at both ends, i'he flames of war have burst out in two distinot and separate quarters of the continent, and all the European States 4 arc in imminent danger of being ignited by the conllngration already begun. 1 allude now. on the one hand, to the hostilities existing and renewed between Denmark and the German Confederation, aud on the other to the awkward and perplexing stato of alfairs in Italy, both north and south With reference to the Schleswig-Holstein dispute, it is hard to make head or tail of it. Just as every one thought peace would be proclaimed it was formally announced that the negotiations were broken off, and that hostilities would instantly recommence. The conduct of the Prussian commander-in chief, General Wrangel, is spoken of as inexplicable, as it appears he refused to ratify the armistice after having been directed to do so by the king his master, and after it had > been at ranged and agreed to between the represeu' tutives of Denmark. Sweden. Russia, aud Prussia. It t was feared that General Wrangel was acting under instruction.-, of the Frankfort Confederation, which { > has taken the provisional government of ScUleswig 1 1 under Its protection If this be true, good-bye to I t 'peace in the north of Europe. The war. once rccem- j 1 menct'd. will be carried on not only with increased | bitterness but with renewed vigor. Russia and Sweden > will coalisee with Denmark against the whole of tiermany. Already movements have begun ; the Swedish I t and Danish troops are being concentrated at Malrao, | t and somcthim? decisive will short I v tot.. ?i... if ........ 1 > power does not interfere to prevent thin foolish war, f so de.structiv< and injurious to all interests concerned ' In iV Lord I'almerston's policy In reference to the i Danish question cannot be understood. His lordship i anr.ounced, in Parliament. a settlement of the dispute ' only a few days before the official intelligence was communicated in the newspapers, that Ueneral Von > W'rangel would re-enter Jutland, and take up his former position. The Danish Commission in Copenhagen has proceed 1 ed to condemn llie Herman ships taken by Danish 9 cruisers, and everything looks warlike and threatening. It is shrewdly suspected that Lord Talmerston is ' playing fas) and loose" in this question, or it is ar! guid it might long since hare been arranged ; and it ' is said a complacent and quiet arrangement exists be- I t?n n ltussia and Kngland. by which, when the pear of Knrope is properly ripe, the two great power* will > manage matters ii'most as they please. Tis very cer9 tain. British merchants are suffering severely by the war in Denmark, ami would aillingij see ltteriuinatt ed by any arrangement that would suit the parties ? concerned ; but It is such n knotty and difficult quae tion. nnd thereare so many conflicting interests, that ? an amicable understanding is norv deemt d almost improbable. 9 You will see. in the London papers of this week, par tirulaily in the Times of August 1 to 8. full details o' 1 the terrible reverses which have b en sustained by the * Sardinian and Pisdmontese troops, beaded by King 1 > Chaylts Albert. 1 he Austrians have completely ?wept > the country, and the king has been cbllp d to almnt don all hia impoitaut military positions on the banks 9 of the the Mincioand Adigo; arid it is said be is now in full retreat upon Milan The fighting for four days 9 was terrific ; but the superior number and diaeir pline of the vi teran Aaatrian troops, ably comr ended i hv era nusola 1 * '' * ? .... ?...r, ?n nvum uwurany o? ? ?i pi ctnl wbcn oj posed to brave but raw recruits, under i con nmnd of no very experienced military chief, could . not be resistid. t nder thin grave state of attaint, whit h is likely to change the deatiulea of Kurope. the king if the Sardinians immediately despatched envoys 1 to Paris, demanding Kreuch intervention, and the asr aislance ofOO.t no men. to assist In expelling the Ausr triau* from Italy Now, tothia emharras-ing perplexity C in Kuropean affairs I wish to draw particular att?ni tion A king of a certain state (Sardinia) takes upon > hlmielt to become the ehampion of a neighboring state. (Lombard},) which baa just succeeded in driving its t oppressor (Austria) from the soil?Sardinia and Aus> tiia having, up to ths time, been at peace. The Lornbalds arc a. airous ef having a republican form of go ' vernment. but. weak in themselves, aocept the armed > Resistance of a comparativ ly powerful monarch " 1 he King Charles gives his assistance to the ' Milanese, hoping to be ahle to absorb their i tirritiry, and to make himaelf king of Italy. It f must haTe been evident to every one that Charles Albert's interference In Italian affairs took place, not merely and simply, as be represented, to assist :t I suffering and oppressed nationality, hut coolly and 1 dclltx lately, wltii a view to territorial aggrandia-f milt and ambition He has played a double sud dishonest game; and now, that he is beaten by the i K mperor's troops, that Km per or with whom he was on Inn s of amity and friendship, he has the impudent In pertinence, as a king, to demand armed assistance ! fri m the Krenrh republic, to prevent his would-be posI sessions beii., a I- *? by the Austrians i I think thni ihis rin rt summary of the conduct of i the king if Sardinia, who. in anticipation, had placed the iron crown of Italy on his own head and hoped to pit nearly nil the continent of Italy under hi* domination. will fully account for the coolness with whleh

h.e proper air have hen received In Paris f>r assistance of men. cannon, and ships Why should Kiance fling hi rti If Into an expensive and bliw dy war, because th erss| irp and avaricious views of the Ring of Sardinia have been defeatedT Why should the bona* of tbon R K 1 5 RK, MONDAY, AUGU sands ol frenchmen be lett to bleach on the plains c Lon.butdy, to as:-i*t a monarch whore conduct in prove to be devoid of honesty ' And why should all Kurop feel the convulsions of war. because Charles Alber ban not performed what he solemnly pledged liiuyelf t the Milanese to do ? In making there observations, I do not wish you ti think that I approve for one mom' nt of the re-eatab lishment of Austrian rule in I.ouibardy. On the con trnry, 1 deeply sympathize with the brave Milanesi vtlin ilrnTM nut tlipir Aimtri.'in tusk-tuuuf?*r? ami wht fought with that bravery and courage which only trui patriotism. and a righteous cause, can inspire But the provisional government of Milan has been duped and it should cnat oiT the assistance of the King ol Saidinia at once, undertake its own cause and then tin UliftltM of France would be kindly and <lfxitu>ll| accorded. There is one thing to be considered by the executive government of France In the event of General (avaignac marching the French army into Italy. Russia, in all probability, would take part with Austria; and then where the affair would end. Heaven only icnowa. Russia. just now, bappens to be well prepared with the sinews of war?money. This cannot be said of the French; and although an Italian crusade is very popular amongst the French army, yet the wisdom of General < avaig nac evidently perceives the difficult situation in which he would be placed, were he to countenance war with Austria. 'I he soldiers are also wanted at home, and it is said that the socialist party in Paris are rigorously fomenting a foreign war. and the marching of 100.000 men into Italy, in order to have a clear fleld for their treasonable and nefarious designs All these circumstances considered. I thick I am justified in assuring you that any intervention on the part of France in the affairs of Italy, will be to preserve peace, and will not be uudtrtalien with warlike intent. The Irish rebellion, as it is so miscalled, lias turned out to be ratber a funny affair. Mr O'Brien, the King ol'Muster, has not turned out to be so great a man as we all thought he was. After all biH tine speeches, and his promising a regularly organized conspiincy, it is disappointing to bear^that he hid himsell amongst the cabbages, while bis 1000 armed men were being thrashed by 100 policemen It issaid that he hai cut and run, (discretion is the better part of valor.1 ? and (inharked for the land of freedom, the b'nited States I presume be will be well laughed at if ever hi should tn In nil on vnnr si.I.. r,f ft... AtKnti.. A more cowardly cur never sneaked away from i butcher's shop. and the beet way to punish him woul< he to let him lire in the enjoyment of the jeers he de serves. Notwithstanding the curious conduct of King O'Briei and the questionable behaviour of other leaders of th< Irish movement, it cannot be denied that all the pout! of Ireland Is ripe for revolt. But chiefs are wanted 1 here ere arms?there are men. ammunition, discon tent, hatred, determination?but no leaders. This i why there is nothing done. it is a pity,for one reason that the Irish questloi could not be brought to a crisis ?the flame is only sun thered. The discontent and hatred remain buried, t be evinced in future bitti r fruits. If Ireland is to re main an integral portion of Great Britain, sour changes in its government must take place, think there is a disposition in high quarter to se to this ; and. from what I hear, the next twelv months will not pars over, without something of ma; nilude being proposed for Ireland. This week there have been several arrivals of ma: st( nine rs here. The Rlpon brought the Ka?t India an China moil, on Sunday last; and you will perceive firm Bombay, that ihe Sikh Rnd Briti.U troops hiv obtained some cecided successes over the \loultan re bels. and that there is every probability of the revol j being promptly suppressed 7 be Tagus arrived on the 2d. with the Spauish an Portuguese mails. The Spanish news is not important Krcm Lisbon, under da'e 20th duly. I learn that th Chamber of Peers had been not. only kicking up a rov but some of the peers had commenced kickiug eac other, kc. A line ot steamers is to be established between I.ii bon. Madeira, and the Cape de Verd Islands. The king consort had been nearly killed by a fa from his horse; and the qui en was reported to be agai in that, interesting conuilion in which all ladles wis to be who lore their lords Exchange on London, GO days. 523,': 00 days, 62s? which is so low as to cause remittances of gold to Knji land The Tagus brought A'20 000 ; discount on Lis bon bank notes. 38 per rent. At Gibraltar, on the 24th July, commercial matter and quotations vere as ! last quoted them to you. Lor doii. fit davi* data. 4S ! Paris .r?fr Rile- Yiarseilles. fd 80c ; Genoa. Mr. 30c ; Madrid. 8 days*' sight. 4 din ; Ci diz. do. ?4' a % dis; Mnlaeft. do. dis: Seville, do, *4' a' | dia; Alicante, do, 1 '4 dis; Valencia. do, dla; i.arei lone do. ?; dis ; Spanish pillared dollars, 1}? per eer p?imum t-r- ?V's J'a Li tidrn ar.d out-ports is th I'nited Kingdom Brazil, trticl Hirer Plate, f 14? if 10 nn 10 per cent; Gulf of Mexico and Havana. $14 a $10. an 10p?rcent; Malta, $3 6; Leghorn. Genoa. 54, and 5p? cent; and. for lend, $3, and 5 per cent Our Item on Coricsponiiente. Homk, July 23, 1848. Resignation of the Ministry?The Refusal of the Pop to ilec/are War against Austria?Jiu Kmeute. The Kternal L'lty is inrolreil in a cruel dilemma.The Pope has conscienslous scruples as to a dociara tion of war against Austria, and peremtorily refuse to function it. The public is just as peremptory in in eisting upon it. The ministry have demanded of hi Holiness authority to d> clnre war, and that being re fused, bare resigned. The Pope has tried to get a mi ' nistry formed on neutral principles without succes and thus the State is. in fact, without a government A committee has been formed for the legations at Bo lepra, to conduct the war Independently of the con tral authority at. Rome, and a similar roiumittee her is falkid of. The public discontent burst forth th other day. in a scene like that of the 10th of May a Parte. 1 lie populace rushed into the chamber and demand ed with loud cries, an Immediate declaration of wa against Austria. The President having put on hi ha 'end having declared the chnmher suspended, ail dH?d the populHcu. and pressed them to leave th< place. 1 hey afterwards went to the castle'of Sain Argilo. and attempted to force it. but were repuliet and dispersed. of n II the < lermiin Staiea into tin- Zollverein. and th< formation Ot customs-union throughout Germany took place in one of the lnteat aittinga of the Prussian National Assembly here. The ministry waa naked a hat atepa hud been taken by the Prussian government conjointly with the ( ther Mate governments in th? Zollvirein, to cause the other States or Germany, ? Austria. Ilanover. *lc , to enter the Zollverein, and ? W.-|II1?IIJ ? what had been done to establish a union of enninirrct and navigation among the Carman Stale* at file North Sen for the purpoa* ot promoting direct trade between (Jeimany and the trim*. Atlantic State*, by mean* ol the i mahlbhn.ent of a ayatem of differentia! dutlea ?? W I at WBH contemplated with reaped to the preaenl tarfl ? f the /ollverein ? On thin the Minister ot Commerce replied, that nil the government* of (icrmany bad lecn nimmoned to aend deputiento Frankfort, foi the pt rpo?e of fettling thi* qtieetloti ; but that nont i gei pt rmwta had cent any The eummon* had now been repeated and that l"ru*?ia would again *end I deputy With re * pee t to tho eatablichment of a ay*. i.Biof differential dntie*, Pru**la had already eoramenrt d negotiatlona in latter ye. r*; but that no remit had been obtained a? yet In April laat it had In en pri poet <i by Trueela to prolong the tariff of the / llten in ending Willi the preeent year, for one year n ore. and that it wne to be hoped that nn agreement w- old toon be made on thie point. 'J he new con?t'tnM< n for Pruaaf*. a* propo*ed by the ei mmittee appointed by the National Aaaembly, io deliberate nton the #ame. ha* ju*t appeared, and la n in h more liberal than the on* previoualy propoaed by the Prupalan Mlniatry. It I*, iu many reapecta. a copy of ihe Belgian eonatitutlon ; but aome material alteration* In It will, a* la generally atated. be made, hen It will he diaeuafed in the National Aaaembly A much more aettlid atste of affair* may be aald to evlaf In (hi many, fine* a central government hag In on eatabiiahed and confidence ha* been rcatored, tlx ugh the preateat political agitation atlll prevail* very where 1 he Archduke .lohn.tth* Regent of Oermanr, had left Vienna on the 2.1d Inat . and wHI retarn to Frank, fbrt on th? 26th. He will b* aeeompaaled ky hla wllh, T E R A ST 21, 1S48. i1 the lluroix'n* of Brandhof. und bin hod, the Count of d Maran His marriage with tlj? Haronetm, who wan the a daughter of an inn-keeper and poat inaatrr of a h in all t country town in Auatria. In now the aubjact of geneo ral con vernation, a* a clrcumatanca ^connected with V.. hint,... ,.f Ilia li?\. .. Afira un.l Ilir IJIPIU1J Ul 11.n ..IT-. , ouv> ^iructl. a It wax on a summer'a day, when the servants of the inn-keeper and post-master being employed on the field, and bin daughter sitting with her work at tin# t window, a carriage-and-four stopped before the post> house of a country town. The Archduke John had > arrived ; and imagine the perplexity of the post-master, t when all hie servants were away, and there was no , postilion to drive the Archduke on to the next station, r A noble resolution of the daughter of the post-master i saved him from this perplexity. She dressed as a posti lion, and drove the Archduke to the next statiou. On the way. the Archduke, observing the delicate form > and grace of the postilion, spoke to him. and discovering the maiden, was so deeply impressed by the daring act she had ventured for hfm, that he married her ibortiy after. Our Spnnlsli Correspondence. Madrid, July 21', 1848. di rest of Don I.onis Gun talis llraro?.4 New Conspiracy? dri est of the Principals?Est ape of Cabrera. The l)ukc of Sotouayor. whose attacks of the gout huYo been luteiy more frequent and serious, has requested the President of the Counoll to beseech Her ' Majesty to accept his resignation. It la said his re signntion baa. in fact, been accepted; and It ia reported tbat M. Tidal ia to be named, in hia stead, to the Ministry of Foreign Affairs. It ia to be presumed should tbia take place, that M. de Mon will be shortly called to the direction of the finances. It ia said tbat the Duke dl Sotomayor will be uamed Spanish Minister at Tarls, and is to make a short stay at Vichy. ; It is expected the Uazetta w ill publish the nomina1 tion of M. Tidal to the Ministry of Foreign Affairs. \ The new Minister waB prevented from taking his [ oath, yesterday, on account of the indisposition of , General Narvaez. I The Chief of the Tolice of Safety proceeded, in peri the arrest of I). I.ouls Gonzalla Bravo, whom 1 be conducted before the Dirootor of the Tolice. M. F.unico. He isj an lecret. The cause of this arrest is unknown; but is. moat probably, caused by some in1 foiraation having been laid nguinat him o This day, at BP. M,, M. Gonzalis has been sent unh dt r a strong escort toward Andalusia. It is presumed [. that be is to be conveyed, by order of government, to ! Cadiz, to be transported. Mdo. Gonzalia lirazo has 9 lvlt here for La Urangtv, in the hopes of obtaining 1 some alleviation of the fate of her huaband. n A Montimolinist conspiracy has been discovered at o Madrid by Count Mirosol?seventeen persona have o been taken into custody, and nt their head Uahriel i- Martinet. an officer on retired pay. These persona e I were in possesion of arms. [ i Marnei Benedicto, the principal agitator of the rovo s J lutionists: vlio endeavored to disturb public order in e the presence of Saragossa, has been arrested. I The Montenioiinist faction, whirh had anncared in I the district of Kan Houge de Keouieera, has disappear- i il id; it has surrendered. j In the Macstrazza de Valencia, the fi?ln>rllla Tor>. ' nt r has no longer any chance of maintaining his 0 | ground. He has pot even twenty men remaining. . ' It appears that Cabrera, leaving a part of his ei|Uit page in the power of the troop* of the Queen, has not ' more than 80 or 40 men near him, in the Sierras of J | I bach. He i? pursued, and will, most | taken by the Brigadier Monz.ono, ColonelTanch. and 0 the Brigadier Psredes. r. It was by a miracle that Cabrera succeeded in esjj | coping the troops of the Queen on the 81st, in the ' passage of David. It is presumed he aims at approachj. lDg tho frontier, and that he is greatly disoouraged by the BctiTity displayed by the troops in pursuit of II him. nnd the ilttie jirtitige produced by bis name.? D The soldiers of the Queen haTe taken his mules and his I) proclamations. Bnwnsp of Madrid. July 29 ?Threes 18% paper.? 1 (After the Bourse 18% cosh: 18% paper ) Fives 10% [- paper. (After the Bruree 10% to % cash ) Passives 4 i- paper. (After the Bourse 4 cash.) < oupons cadi. Foreign passive debt 3% paper. Bank of Saint Kerch's nant f>0 cash. 64 paper. Discount of its notes, 4% to i- ; >. K.xchange?Paris 4 98. cash; London 46. cash; Borr, draux 6 5. cosh; Marseilles 0 5, paper: Bayonne 6 i- paper. ,! Our Slrllliin l"orr?'?|?oinleriee. Pai.i:umo. July 10, 1S48, j ' J1flairs al Palermo?lluggirro Srl'imo?The Klection i d ! of the TCing, $-c , ipr. T J On the night of the 10th instant, the Sicilian Pari liainent declared Rnggiern Settimo, the Sicilian Libe rater. Senator of right and for life, with the honors of bi-yearly President. It is said that negotiations are on foot to marry the Duke of Genoa to a nieco of the Queen of K.ngland. It is also said that the Pope will crown the King at ' p,|u?,,n r I I,...,, I.ilt I T he I'ope, it i? said. would be contented to allow i ministry to not Independently of him on the question of war: if he does not, it is to be (eared that con?equetices may ensue which would not only b? fnta! to his authority, but perhaps involve results destrnctire of Italian independence. Meanwhile, however ull is in suspens o. Our b'trman Corrc?j>onclencc, Braum, July 24. 1848. The (Ji- fit ion of the Kstabli shmt m of the Unity o I lit Btatei- Tht Jtrchdnke John, 'he Recent. The jtrent political problem now to be solved in tier ninny, is net merely how to establish the diplomatic forn if ? unity of the German States, but how to connec' and unite the separate interests of the States for thi promotion of the common interests of the nation. Thi latter f? a question of vast difficulty On all the mos important matters concerning the common interest of the German nation, like the pstnhli-hment of a cus tena nt ion throughout Germany, the future position Germany means to occupy with respect t? her com mercial relatione with foreign conntriee, and on othei question* of equal moment, the contending interest! of the different State*, especially of the North and Scuth of Germany, will hare to be united. Then. th< Noithern State*, particularly Hanover and the Han. seatic town*, will hare to gire up a long cherished connecticn with Kngland, and many and tender ties must lie severed Austria, likewise, with her important commercial position in the South, will have to unite with the other German State*, in all that i* necessary foi the promotion of the general interest* of the country 1 hue, it will he a difficult task to establish among nil the different German States that degree of unity without which the regeneration of Uernmny i* but a vain hope This has now been so f?r acknowledged by the gri at majority of the German people, that every en(leaver is used in aiding to solve the great question) concerning the establishment of the unity of Germany An interest!n?r debate, with reirard to the recentinn I ........v, 6**" j"" v"'"" ?" ""rwi?"? I must observe they arc not universally credited here. lluggiercsSettiuio has aiuce been appointed Licute- I | nant General of the army of Sicily At Messina, whilst the Gladiator was firing the salute j : jti honor of the election of the King, the commandant | | of the citadel threw five grenades on the fort. The ; city did not deign to reply to this lire. The election | of the King lias been received with enthusiasm at Cattanijetta. Messina. Catania, and other cities. Feux I dc joie and illuminatious have been general. The inhabitants of Messina are overjoyed at the recognition of the kingdom of Sicily by France and 1 Kn gland In this city, the public rejoicings have kuown no bounds. Sicily presents to her young king j the glorious remembrance of Frederick II of Arngon, ' elected spontaneously by the Sicilians, after a revolu? tion. | Our French C'orrosjxjiidcnre Pari*, Aug. 3, IMS. l The N rw Constitution?Humored Dissolution of the ' Ministry ? Red Republicanism and its Horrors ? French .'lid solicited Turin, Milan and Venice, against .lustria -Rirmored Formation of a Repuhlicin j Milan. 4'c d'cThis week has passed over without being marked by any event worth recording Neither the Committee of F.nquiry on the events of May and June, has publish. ' ed its report, nor has the Committee on the Constitution approached the termination of its labors, it is expected to-day, however, that the former committee t will present its report to the Assembly, and I may possibly he able, before I close this letter, to give you the sub'tance of it. t It is understood that fourteen out of flftoen of the ! bureaux, have rejected the system of two chambers : I they will have no SeDate, but the Council of State wii1 I be invested with functions analagous to those of the ( Senate. It is also decided, (so far. at least, as the bureaux are , concerned), that the President shall be nominated by I universal suffrage, and not. as some desired, by the Assembly. A serious ccltisloa has just taken place between the Committee of Finance and the Minister, which will lead, (it is said) to a complete dissolut ion of the Ministry. M. Goudchaux. the Minister of Finance, M. Iiasi tide. Minister of Foreign Affairs, and M. Reeurt. the I Minister of rubltc Works, will be obliged to retire.? ; [ This would be tantamount to a complete dissolution of the present government. I give you this as the public news; but it is right to tell you also, ihat an opinion prevails very generally, thai the republic, after all. is not destined to live. This may, or may not be. well founded; but luch. nevertheless. is the impression which prevails among a largo body of well-informed, and In general, sound-judging perrons The idea is, that France will relapse into a constitutional monarchy, tbe crown of which will probably be destined for the brows of the * ount de Peris. It Is at the same time admitted that such a result could only be arrived at through much bloodshed, and would probably be preceded by a red republic ' it is impossible to convey to you the horror which is entertained here, of ?hat Is called the red icpubllc. I which is another name for a new reign of terror, sueh J ss *i iiId have been established if Harbc*. Blahgui and , il? ,.ii.,..... .i?,i in, in the Castle of Vi ncen nca. ! had fncrtrdrd in their attempt on the l.ith May. t ?u J will recollect tlmt Barbi * proposed thp re establishment cf the guillotine. and a forced contribution of i one thousand million-from the rieh. It was also de clared that the republic could not be established until .00 000 heed* ahould fall It was the horror inspired , by thi*. that atimulated the National (iuard to the i (leeda of valor which they enneted during the late in, mrtrction The hei.rgt??/> of Paris I* determined to sell ite life dearly, and to fall before barricade* rather than on the scaffold erected by the ruffian* who compore the socialist party. Yon will read in tho journal." the oration ot M. Prud- ' hon. and of the loader* of *ociall*tu, in support of bis proposition to confiscate one third of the property of the country? a proposition which was rejected, by a majoilty of bPl against '?!, one of the two being, of course, M. Prudbon himself. One of the propositions of this member of the Assembly Is, that females should be put in seclusion, being fit only to breed children and suckle them ; that it is a practical absurdity to say that they can be regarded aa aoclety for men that they should be trented aa an Inferior sort of animals, Ac Ac. And yet, this is the man who is returned to the Assembly ' aa the representative of the city which claims to be the J most civilised on the surface of the globe Knroya hare just arrived here from Turin. Milan. | ' and Venice, to solicit the aid ofa French army against ' the Anstrians It is said the government cannot re- < ' fuse this A report is clroulated that a republir has been proclaimed at Milan. Cbailes Albert baa been proclamed dictator at Turin 1 To-day has been signalised by the presentation to the ; it Lj 1J. TWO CENTS. Assembly of the report of the Committee of Knquiry hh to the Insurrections of the 15th Me? en<l the rid Jane. Thie document, which jnu will probehlj receive at the same time with the present letter, is a very voluminous one, and of the utmost importance Th < rending of it oommenced to day, in the Assembly, at two o'clock and took about three hours The members c l the Assembly who are inculpated, as you will see, nre principally MM. Ledru -Kollin, Caussidiere, and l.ouis Ulanc. What the ulterior consequences may te. it is difficult now to say; but you will probably learn some of them liy the I.ondon journals of Saturday the 5th. which will receive intelligence from here of more recent date, by at least half a day, than this letter. My neat letter, however, will put you in possession. no doubt, of still more important details Paris. August 3. llid The Hourtt and .Ifnneij Market It was supposed, seme ten days since, that the nev |??U nt.uui inm u?tu me precursor Ol a IK mUC change in th.i mnrket. This great financial measure no favorably received, showed a return of confidence by the oapit alintn in the government; and. ait day by day, political afTuirH appeared to itsume a character of greater calm and security, it wan expected that affair* at the Uour.-c would reassume their wonted, aapect, and that all securities would ripe. The loan waa preaentcd to the chamber on Saturday, the U2d and voted on the Monday ; aud yet, on the day after the fall began to take a decided couree, and from the 22to the 2l)th, there ?? a decline on the three* of ft 75, nd on the five* of (5. This fall uppear* to have been produced by the measure allowing the holder* of oer. ilftcate* of subscription of the old loan of 1847, on which Borne payment* had been made, to deliver them in paymcntof subscription* to the now loan. The hold der*of there certificate* were thu* enabled toobtain the new loan at a rate below the market price of the f> per i enti, and by their throwing them on the market, they i ccacloned u general depreciation of all value*. The i mount of these certificate*, thus paid into the treasury, was estimated at twenty million* ; but thl* wan not Ibe real measure of the rale*,since bolder* ou speculation . seeing the fund* likely to contiuue in decline, alho brought large amount* Into the market. In addition to this, the Minister of Kiuance bad i*rued a notice allowing capitalists to pay up at once all the instalment* of the loan, and to receive stock immediately ! indlng the UDfavorahie effect of this measure. in the present state of the market, he ha* withdrawn this option, and postponed to some future day the delivery of stock. This day is now fixed for the 12tli Of August. The threes were well held, and showed much firmness ft r several day*, in comparison with the five* ; but as the holder* of treasury bonds hare now begun to receive their 3 per cent stock in exchange for their bonds, and have many of th?m brought their stock into tho market the threes huve also since rapidly declined. An additional cause of tho fail is the alarming state of nflaii* of the liberating army lu Italy, of whoso reverse* we have from liny to ilsy received accounts. An envoy has barn pent from Milan to Parts to demand (it is mill) the intervention of France immediately Thin wax accompanied with new? of a rising at Milan, and grave troubles at Turin. The general opinion however, on the bourne in. that we ahall not intervene immediately, i'rivate letters from the theatre of war are mud to have added to the anxiety of the market. Account* from Ilome. too, are of no very encouraging rliaracter tia regard* the causo of independence adding to tlie probability of an intervention. Three of the railway* have thin week had niuoli doing in them, whilst all the rent have remained nearly stationary. 'J hey are the Lyons. Orleans, and North A week ago, there was much uncertainty an to the Lyons; but a* the treaty wns made at 7 SO of rtnlr agreed on for the share*, subject only to thu approbation of the Assembly, this seemed *ocertain an arrangemeut. and the rate agreed on giving a certain benefit to the holler*. that 'hi* line r?*e rapidly, and much business was done in it. The Orleans, it seems, has had its loan all readily *ub*crib? d for; and this, aud the removal of the sequestration, which was in fact only a means of pre**rvlag it from the injuries of the operatives, who had struck, and threatened to breuk up the rails, and stop the traflic. caused In one Uoursiaa rise from 670 to TOO. The North tias also been much in request. The debt of this company is is said, to be converted into bond*. payable at different periods; and as thit would have the effect of freeing the funds of the company from aelo avy present liability, nud preventing an expected rail of 50 francs a share, this ltne net with ready buyers, at a considerable rise. 1 subjoin a list of the prices for the week:? 3 Per 5 Per Treasury Bank if Cents. Cents. Bom. Prance. July 28 45 75 72 75 17 disc. 1670 2!> 44 75 72 18 20 " 1870 31 44 50 71 25 21 ' 1040 Aug. 1 44 71 22 " 16W 2 43 75 70 50 ? 1005 3 44 25 70 25 23 ' 1610 Very Important French Document?The In. Hurrcctlon of June, and the Invasion of the Aascnibly In May, die., &c. -NATIONAL ASSg.MIU.VSITTINIi OS T II t' R -O A V, AUGUST 3. M. Mam ha or. tlie President, took the chair at halfpast one. A number of petitions were presented. < ount !)*: Mon talkmhi:rt paesented a petition front the I'striareh of Jerusalem, praying the French Itenub lio to take uruli r its [ rotuction lh? Holy Sepulchre The order of the ilay wax the report of the committee appointed to examine Into the circumstances connected with the insurrection of June, and the invasion of the Assembly in May. M Baithaht. t midst the deepest silence, ascended tee tribune, lie eeuimenced^by rending the minutes of the sittinK of the Assembly on the day on which the committee was appointed. The committee was to examine into the circumstances of the two events mentioned above, being entrusted with full power to call before It nil persons that were likely to throw light on the matter, but without having a judicial character.? The Assembly, the report went on to say, had evidently considered that the events of June and May might be connected ; and In consequence', had entrusted the committee with very extensive powers. *The fullest investigations had been entered into, and the committee had in general met with the necessary co operation from the peisons whom it had called before it Some of the witnesses had, however, to keep back part of their information, and others had appeared to )>< under the impression of the most extreme terror, owing to the dreadful events of June. Henceforward the committee hoped that no further collision would take place, as the causes which had led to the insurrection of June seemed to be removed. The report then alludes to the attack of May 15. and praises theAssembly and the government for the moderation w liirh ,tbey showed after that dreadful invasion. The two events, that of May and that of June,agreed in being directed against the National Assembly ; but they ditlcred in this, that the first emanated from the Socialist and communist parties, aod was. iu fsot. of a political character; whereas that of June had Its origiu in the sittings of the Luxembourg. The clubs, the discourses, even the proper names connected with the Luxembourg were mostly connected with the insurrection of June. The committee had not found any proofs of sums of money being generally distributed for a dynastic purpose. The events of June were undoubtedly connected together, though not so intimately as might be supposed. The committee, In it* investigation, hail taken a* it* stinting point the day when the Assembly met in the fuse of tbe country. Tbe report declared tbut the event* must remotely be traced back to the mistaken view* of sou>? of the provisional Kovirniucnt. with re*pert to the ri al ?ituatioit of the country [agitation) : certain of their act* were of *uoh a nature a* to produce a catastrophe of the nonet serious character [renewed agitation]. The cotnmittee bad found that mine of the agent* of the government had conducted thepieelie* rao*t improperly ; and, in addition writing* had been di-tributeil and agent* ent from Pari* to the province* from the club-, with money taken fmm the secret service funds of the minister of the interior (great agitation) The report then alluded to the circular* of. M. I.edrn Rol. lin and tbe 17th which had excited so much noise, was read f rom the exp'nuution-, it appeared that a woman. Known for hi r literary talent*, had sent th-ee on the same day. anil the minister had. almost by chance chosen one [agitation], it appeared that Ihe expedition to Belgium had been organized by the .'ivernment. ami paid by its fund* Difference* irese and this and otlcr point* between the members f the provisional government had added to the evil, >j preventing a unity of view* in the internal government of the country. The sitting* at the Luxemburg had been most in.iurlnus, and the speeches of tl. Louis Bianc had done the greatest possible inls hiof M. Loris Blast I demand liberty to speak. tSeuation ) M Bti riiiST went on. That genlleuiun wanted he ministry of progress, at the head of which he honid he placed That the other members refused to iceideto and M. Arago had given the clearest evilence of the pretensions of Louis Bianc Ths speeches >f Hint latter gentleman bore the impress of his dissp puiunurut. nuu ,d<>uucpu vim very worm eirocis on MO Jelrgatcs of the workmen, who were necessarily prs>ent. as woll as on the workmen themselves, who were thefe as spectators. A great number of three speeches lad never hern published, but the short-band writer i"d preserved them oil tM. Banchart here read some xtracts which were of the most Inflammatory charac:er) Three speeches were known to the working ilasses, in conee'iuence of their meeting in the nationil workshops The bodies there increased, end became in army of disaffected men, directed by the hand of VI l.ouie Blano and M Caussldlire M. CartaiaiKMK?It la true. (Agitation.) M. Bah hakt went on to sketch the state of noolety m Paris when no private work was going on, and "ben iverythlng was adding to the disaffection. On April Jd, M. < assembled 48 commissioners of police, of Taris and the neighborhood, and then addreesrd them on what was to be the line of conduct whieh they ought to adopt to bring about the reign of the people He, In his address, declared that If the oenntry deputies rtfesed to act as the people wished, there sere 300 000 organixed workmen, ready to force them ind ali others (Agitation ) M CauMipiaaahrrrattrmptrdtokprdk, hut WM p*t