The Express.
London, England, 1848-11-22 00:00:00

FRANCE.

PARIS, MONDAY, 530 P.M.
There appears in the journals to-day a sort of
manifesto on behalf of Prince Louis, in the form of a
letter addressed by M. Ferdinand Barret, member of
the Assembly, and brother of Odillon Barret, to M.
Chambulic, member of the As&mbly and editor in chief
of the Sitlrle. This manifesto is too long to be given
here.

A political dinner was given yesterday by M.
(Milton Barrot at his country house at St. Germaine,
at which several members of the Bonaparte family,
including Prince Louis, assisted. Several of the
leaders of the moderate party were also present. It is
understood that the above-mentioned letter of M. Fer-
dinand Barrot was reed and sanctioned at this meeting.
M. %Wide has had a conference with M. Von
Reimer, chargé d'affaires of the central government at
Frankfort. M. Von Raumer,who has now been at Paris
for three months, had never yet been officially received
or acknowledged by Gen. Cavaignac. He had not
been admitted to present his credentials, nor has the
government in any explicit manner acknowledged the
central government of Frankfort. M. Von Itaumer was
accordingly ordered todemand of M. Baatide categorical
explanations on the subject. M. Bastide answered that
the conduct of the government was based on the
reasons :-1. That England had not yet acknowledged
the Frankfort government. 2. That the Frankfort
government was not yet definitively constituted.
Upon the second point M. Von Itaumer observed that
the European powers did not wait for the vote of the
constitution to acknowledge the French republic ; on
the first he referred to the excellent reception given
at London to the envoy from Frankfort. M. Baatide
then gave a third reason. He said that nothing I
could be di fiaitive in France until after the election of
the President, who would probably change the minis-
try, and that M. Bastide wished to leave this question
to his successors. M. Von Raumer then declared that
he would communicate with his government, which
had authorised him to remain in Paris until after the
presidential election; after which he would imme-
diately demand his passports it satisfaction were not
given.
The following is a report of the speech delivered
by M. Ledru Rollin at the banquet of the democratic
and social press. Being loudly greeted as he roes,
he said :

May this applause, which I em aware is not bestowed on
me personally, be heard through the whole world, that it
may know that we have at heart seriously the near advent of
• complete reign of democracy in the reign of the social and
democratic republic. My brothers, to establish in the world
the reign of the democratic and social republic, one most im-
portant means is the union of the democracy of France. By
one retrograde step in France the fate of the world will he
compromised, and its well-being long postponed. Would
you have a proof ! It is before you. On the 24th February
the people, in its holy enthusiasm, named a government.
This government at once issued a manifesto to Europe, and
what was its demand? Conquest? No I the reign of fra-
ternity! What language ? It was this, that wherever
men would shake off their chains, France, which desired not
conquest, would with her armies support the cry of "Liberty!"
She wished the force of opinion and reason united where
the rays of liberty shone above the barricades of the people to
extend to them the hand of friendship. How have we fallen
now ? If we look at Spain, we see that 1' ranee delivers up
her exiles. The government, forgating all laws of hu-
manity, sends Irma to Narvaes to he shot men whose only
offenc,s are political. In Italy, what have we said to its
glorious people? " Rise, call on us, and we will assist you!"
How have we kept our promise ? Italy is abandoned, and
at this moment writhes under the heel of the oppressor.
(Profound sensation.) They condemn the red republic—
this is the work of the monarchists. See what the tools of ty-
ranny do. Radetski, in spite of treaties, in spite of the in-
tervention of France—Radetski, that garage old general,
seizes on property, appropriates, confiscates it, and France
has not courage to say " You are an outlaw to all nations."
The Danubian provinces which have intimate alliance with
France desire their independence ; they apply to France, and
tee government allows 80,000 R1110141:111 to approach the
Danube, and her ambassador cannot say " Withdraw, or
war!" Turning to Berlin, immediately after the
revolution of February, that city cried " Liberty," and
formed a provisional republican government, when
suddenly the reaction which governs France joins with the
King of Prussia, who now is endeavouring to gag the parlia-
ment. My brethren, let this immenu concourse raise a
shout which shall say to the people of Berlin that if the
government of France is against them, the people of France
are with them. Responding to the pulsations of the heart
of France, Vienne, that city of an old and elegant aristo-
cracy, sees her people rise and drive away their Emperor
by the cry of " Vire la liberte !" The Provisional Govern-
ment promised to Vienna and Germany the aid of France.
You have at the foot of the Alps a courageous army, ready
to succour Vienna. Now what has happened ? Liberty is
oppressed. A man whose hand once in my life I had the
honour to clasp, Robert Blum, has expiated his
courage and his patriotism. (Sensation. " Viva Robert
Blum!") You have greeted the name of this
martyr. I ask for his wife and his children a triple
salvo of applause. (Thunders of applause from all sides.)
Blum, may thy great spirit be evoked by this, and may it
place in the hand of shuddering Germany a sword to extrude
its despots. I repeat it, then, may social democracy at last
govern the world. We need union, power, determination,
and energy, for if we be divided, the fate of democracy is for
the time sealed in Europe. Let then union, determinatien,
energy, be ours ; and be assured that we shall soon succeed
against the oppoeition of all the governments in the world.
The people is powerful, and when it wills anything legiti-
mate it can accomplish it. Let our friends, let our brothers
who arc absent, be re-assured, for, if for a time we be op-
pressed, by universal suffrage we shall at last arrive at the
will of the people, and I repeat, there will then only exist
one sentiment—fraternity. Vire /a Republique &meta-
tique et sociale.
TVISDAY, 11 AM.
The measure for the indemnification of the deposi-
tors in the savings banks and the holders of
Treasury Bonds was again brought before the
Assembly yesterday ; but its decision was adjourned
to this day, the number of members present being
in.ufficient to confer legality on it. It will be remem-
bered that after February the provisional government
declared itself insolvent, so far as related to the
savings' bank and the floating debt. The matter
stood over until after the convocation of the Assembly,
and at length on 7th July that body adopted a de-
cree, in virtue of which the depositors in the safety
bank were compelled to accept a repayment of the
capital they had lent to the state in 5 per cent. stock,
valued at 80, the price it bore on the Bourse on that
day, and the holders of Treasury Bonds were to re-
ceive three per cent at the rate of 55. In other
words the claims of these creditors of the state were
to b:, consolidated, and even stock was to be issued to
them at these rates. This decree produced an
immediate effect to the damage of the creditor. The
large amount of new stock thrown upon the market
caused a considerable decline of value even before the
new stock could be issued, and the injustice of the de-
cree became glaring. The Fives have since fallen so
low as 60, and the Threes to 40, thus producing a
lose of 25 per cent. of the capital for those creditors
who were compelled to sell at these rates.

By the decree now proposed some compensation vat
be offend for this loss. It is proposed to tau
the average of the prices of the funds from the 7th
July to the present time, and to give credit to the de,
positore of the safety bank for the difference between
such average and 80, the price at which they
compelled to take the stock, and a like measure will
be provided in reference to the holders of Treasury
Bonds. A decree to this effect sill probably he
adopted today.
The Mimitetsr of this morning gives, in reply to the
Journal des D4bata, the following accouut of the
portfolio of the Treasury :
The Journal dca paws has nn uneasiness left but as to the
compoeition ut the p.,rtfolio. It is euy to satisfy it ou thji
putt. The Canal S • area and the stock in a and 3 per cub,,
from the savings hark. are credi.ed in the portfolio not at their
cost price, that I, 86 millions stated by the Joanne! (111 Lau,
but for their real value at the price of the day of being credited;
that is, 4G millions. The bonds of the Northern Railway
amount to 57 millions, of which 12 are payable in 1549.
The retraining pert of the 143 millions, leas 5 milieu of
values to arruwe, is composed of bills at short date*, which
the treasury, it it thought fit, could immediately negotiate,