In India the British government has derided to take and keep possession of certain parts of the Nizam's dominions unless he repays at once the monies due to the Government of India, amounting to upwards of eighty lacs of rupees, with interest at six per cent. The districts of country about to be absorbed are, it is said, all those on the other side of the Kishna river, Bachore, and Neildroog, besides Berar. But it is considered in Bombay that the Nizam "has the means to pay," and that at the eleventh hour he will pay and save his territory.

Traces appear to have been discovered of the movements of Sir John Franklin, in the earlier part of his voyage, but throwing little light, as we apprehend, on the painful question of his subsequent fate—of little more importance, in fact, than would be the vestiges he may have left behind him in Scotland. Yet we doubt whether it would be justifiable to abandon the pursuit, until their fate has been demonstrated by actual observation. This melancholy satisfaction, at least, is due to science, to humanity, and to surviving relatives. The Americans are foremost in this work of philanthropy. They have furnished the latest and most valuable information on the subject. Captain de Haven, Mr. Penny, and Dr. Kane, of the United States expedition, are especially entitled, with the officers and crews of their ships, to general admiration.

On the 1st August, a large party of the Corporation of London, and of the Royal Commissioners of the Great Exhibition, repaired to Paris, by invitation of the Prefect of the Seine. They were entertained on the way, and on August 2, a magnificent banquet was given at the Hotel de Ville in Paris, followed by a comedy and a concert. The total number of persons present was 4,000. The next day, Sunday, the wonders of Versailles and the grandes eaux were exhibited, and it is supposed that 100,000 persons were present. On Monday, the Lord Mayor and his suite, with the other distinguished visitors, inspected some of the most remarkable prisons in Paris, and in the afternoon left for St. Cloud, where they were received by the President, who expressed the extreme happiness he derived from the visit of the chief magistrate of the city of London, and his warm sense of the kind feeling towards France; manifested by the English nation. On Tuesday, a splende déjeuner was given at the English Embassy, in honor of the English visitors; and in the evening a grand ball took place at the Hotel de Ville, which was attended by 6000 persons. On Wednesday a mimic fight took place in the Champ de Mars; and in the evening, at the Grand Opera, an operatic entertainment was produced called Les Nations, written expressly in honor of Great Britain, by M. Adolpbe Adam. It was a tasteful and well-imagined trifle, of two scenes, the principal being one of the Crystal Palace.

From France the political news is of little moment, or at least is without any distinguishing event. The project for a revision of the constitution having failed, all parties are preparing for the important event of electing a new President. The Prince Joinville may be considered to be in the field as the representative of the Bourbon dynasty; and it is probable that the real conflict will be fought between the adherents of Napoleon and those of the exiled monarchy. A majority of the Councils of Arrondissement—according to some, a majority of no less than two thirds—have decided against any revision of the Constitution. At Lyons a conspiracy against the state was discovered, its leaders arrested, and their trial has excited much attention. Their object it is said was to give the south-eastern departments of France a secret organization, sufficiently strong and complete to enable them to break out in simultaneous insurrection on a given signal; to secure the frontier of Switzerland and of Savoy as a means of assistance or retreat; to support the French movement by the advance of the refugees collected at Geneva; to take possession, if possible, of the ports of Toulon and Marseilles, and thus to command Algiers and the fleet; to inflame by this insurrection the south-eastern provinces pledged to the movement, and subsequently the eastern departments supposed to be favorable to it; and thus to lead to a general republican rising throughout the country, especially where the garrisons—were weakest. The prisoners were tried by a council of war, and their council in the course of the trial threw up their briefs in despair of obtaining a fair inquisition. Three of the prisoners, M. Gent, their leader, who had been conspicuous in affairs during the provisional government, and Longomazino, and Ode—were condemned to deportation; thirteen to detention for terms from three to fifteen years as felons, with police surveillance for life; nine to imprisonment for short terms; eleven were acquitted, besides ten who were condemned, and two acquitted by default. The punishment of deportation is the highest penalty for political offences now known to the French law, and has been expressly substituted by a recent enactment for the punishment of death. It consists in transportation to Nonkahiva or Vuitkan, in the Marquesas, the most desolate islands in the Pacific Ocean, one day to be peopled, as an enterprising public writer has observed, with the chiefs and leaders of political parties in France. At Paris, on the 31st of August, 125 persous were arrested, charged with a conspiracy against the State. Among the number was an advocate, named Maillard, formerly Secretary to Ledru Rollin. Rollin is said to be implicated in the conspiracy. A general Socialist Revolution was the object of the conspiracy. There was less excitement upon the subject in Paris than might have been anticipated. It is reported that an expedition will be sent to the Sea of Japan, under the orders of a rear-admiral, who has long navigated in the Pacific Ocean and the Chinese seas. The expedition will, it is added, be at once military, commercial and scientific, and has for its object the opening to European commerce of ports which have been closed against it since the sixteenth century.

We learn from Paris, that the Cabinet had held two councils, at which the President of the Republic presided, to discuss the Cuban affairs, and it was unanimously resolved to take, if necessary, efficient measures, with or without the concurrence of England, to protect the rights of Spain.

Letters from Toulon state that the Mediterranean squadron has received orders to proceed forthwith to the coast of Italy. The disturbed state of the Peninsula, and especially of Naples, is said to be the cause of this movement on the part of the French. Naples, and indeed all Italy, is becoming daily more and more uneasy.

In Italy there is little of importance, except constant atrocities by the government, irritating more and more the people of the several states, and driving them toward such excitements as will make revolution unavoidable. An "Italian League of Princes" is talked of, at the head of which is to be Austria; and a visit of the Cardinal Prince Altieri to Lombardy is said to be for the purpose of coming to an understanding with that Court on the subject. The Pope would be nominal president of the league, the object of which is to preserve the peace of Italy, and unite in suppressing every revolutionary movement at home, and aggression from abroad. A profound sensation has been created throughout Europe by the publication of two letters by Mr. Gladstone, a member of the British Parliament, exposing the despotism of the government of Naples. Mr. Gladstone, a scholar, a man of academic reputation, an eminent member of the conservative party of English politicians, and distinguished among members of that party for his calm and logical mind, and for his profound views of the nature and functions of a church—this man went to Italy in the winter of 1850-51, and spent three months in Naples, where, against his will, he was convinced that the conduct of the government was more cruel and unjust than had ever before been tolerated in a civilized country. He returned to England to arraign the despot Ferdinand at the bar of public opinion. Of his disclosures we can merely state, that twenty thousand of the most intelligent and virtuous men in that kingdom are now suffering both moral and physical torture as prisoners of state. Besides this, a catechism is used in the schools inculcating the most absolute doctrines of despotic government. What is thus proved of Naples is equally true of Modena. In fact, it pervades Italy. The organs of the Neapolitan Government give the lie to Mr. Gladstone's statements, and hirelings have been employed in London and Paris to answer them, but the result has been a triumphant vindication of his letters.

The correspondent of the Daily News, at Naples, states that more than one of the hangers-on of the Neapolitan Court have offered to reply to Mr. Gladstone's Setters, and n notorious spy has sent a manuscript to his Majesty: but "the King, I am assured, prefers availing himself of such journals in England or France as are open to an offer." Material has been sent off to the Univers, the organ of the Jesuits in France; and "an Englishman, well known for certain transactions in Italy, is to do all the pen fighting work for Ferdinand in London. Really," says the Daily News, "the princes of this epoch have much to redeem. Almost every crowned, or would-be crowned, head, as he appears on the scene, does so as a mean intriguer, a lying varlet, a wearer of false colors. None have the courage to avow the nature of their policy or claims; all pretending to be all things, and all as unscrupulous as the most reckless of adventurers in private life."

The Voss Gazette of Berlin, publishes a letter from Vienna of the 7th, which states that an extensive conspiracy has been discovered in Italy, and it was on that account the rigors of the state of siege in the Austrian provinces have been increased. It is added that on the fourth of July a gentleman at Venice died suddenly of apoplexy, and that on placing seals on his papers the scheme of a conspiracy, signed by more than 400 persons, was discovered. The object of it was, it is said, to kill the Emperor in the event of his going to Italy, and to kill all Austrian officers on the same night. Only one conspirator resided at Venice; thirty-seven were at Brescia, and the rest at Bologna. All have, it is said, been arrested.

There is considerable activity among the military in Italy. The Austrian garrison and stations are strengthened along the whole line of frontier, especially towards Piedmont. Radetzky is understood to have applied for reinforcements from Germany. Connected with these movements—perhaps arising out of them—are numerous but rather vague reports of plots and contemplated insurrections. The Court of Saxony, long notorious for its zeal in propagating the Roman Catholic faith, has offered to mediate between the King of Sardinia and the Pope. The intimate family relations which connect the Courts of Saxony and Turin have prompted this step: it appears to be contemplated not without alarm by the Italian Liberals.