POSTSCRIPT.
BATItR.DAY MORNING.
Our Paris correspondent supports the statement from him, which we published in our second edition last week, and now supplies us with news of far more importance.
" THURSDAY EVENING.
" I have little fear of being contradicted when I state that Prussia has consented to aid Austria in preserving her possessions in Lombardy. Prussia will uphold the treaties of 1815 with all her power. This news, known to a few, is perhaps the secret of the continued decline today."
The remainder of our correspondent's letter is as follows—the first paragraph bearing date Thursday evening.
" The Rentes have fallen per cent today, notwithstanding a telegram, placarded at the Bourse, that the Marshal Baraguay d'Hilliers had, by order of the Emperor, driven the Austrians out of the village of Marignan, with little loss."
"Thursday Morning.
" Yesterday was a day of panic at the Bourse ; the French funds had fallen at one moment nearly 1 per cent from the prises of Tuesday ; a de- spatch from Frankfort published in the Times and L'Indipendanee Beige, to the effect that the French had been driven back across the Ticino gained credit, from the circumstance that no despatches had been published from the Allied armies during Tuesday, and nobody knew where the French were or what they were doing. This despatch was not the sole or chief cause of the panic; for on an official notice being placarded at the Bourse that the Emperor and King of Sardinia had made their triumphal entrances into Milan, the reaction was very slight, and this morning the Rentes have again opened at a decline ; the reason given is the speech of Lord Derby on Tues- day night. The situation of the market also aided the downward move- ment; as is always the case before the half-yearly coupon is detached, a number of small buyers have entered the field, who pocket the dividend and sell directly; the first great victory also brought forward a large body of speculators for the rise, eager to realize their profit, and liable to take fright at the first unfavourable rumour, however absurd. The discounting' has again commenced on a large scale ; and profit is still to be made by selling for money and buying for the end of the month. "Very few details have yet reached Paris of the great battle of Magenta. All agree that it was a hard-fought struggle ; for instance, one position was taken and lost by a regiment of Zouaves six times. The honour of the day is to the General M'Mahon, who, since the taking of the Malakoff, has stood forth undeniably the first soldier of France : he is besides an accomplished gentleman. The General Espinasse was of a rougher mould; he was thought a good soldier; the Parisians had not forgotten his Ministry and disliked him. The story goes that the Emperor with the whole of his guard was nearly taken prisoner ; however that may be, it is certain that the guard suffered severely; they have lost 1000 men; and I have good authority for saying that the French losses amount altogether to at least 10,000 men. The Emperor's first despatch. said 2000 1•' the second 3000 ; and one of the latest despatches from Turin, 5000; but I am understating the loss at putting it at 10,000. The actual number will never be known ; the names of the officers even are not published ; the Minister for War informs the friends of de- ceased officers privately. Notwithstanding the magnitude of the victory of Magenta, the French do not deceive themselves as to the difficulties yet to be overcome ; the feeling prevalent is that the war will be far more bloody than was expected. " I informed you last week that the Prince Esterhazy was going to Lon- don on a special mission ; the Morning Herald has since formally denied my statement. I do not think the Morning Herald will deny that the Prince is coming, and it is not likely that at such a crisis in his country's destinies he would come to amuse himself; he may not have official cre- dentials, but he has some other object in view besides that of seeing his old friends. The Vienna correspondence in Wednesday's Times, states.that he was to leave last Tuesday."
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