The Express.
London, England, 1860-06-19 00:00:00

EXPRESS FROM PARIS.

(nom mat owx col

PARIS, MONDAY EVOIDIG.

I quite agree with the French government press
that the result of the interview of Baden-Baden is
highly satisfactory ; but the contentment which I
feel is based upon diametrically opposite grounds.
Their jubilation is professedly founded upon the
success of the Emperor's self-imposed mission to
Germany ; whereas I have cogent reasons for be-
lieving that it was an utter failure—a fiasco. How-
ever strict may be the secrecy kept in regard to the
suggestions made to the Prince Regent of Prussia
by Napoleon 111., at the interview acceded to in
pursuance of the importunate solicitation of the
latter, it will, I have no doubt, be universally ad-
mitted within a very few days that " nothing" has
been or is to be done in pursuance of them. That the
Prince Regent, who only consented to meet the
Emperor when so much pressed that it would have
been discourteous to have refused, did not mean to
modify his policy in obedience to French dictation,
is sufficiently indicated by the last semi-official
article in the Prussian Gazette, which, enveloped in
much polite but unmeaning phraseology, has this
significant phrase—that Prussia had no " new
objects" in view. Now, it is certain that the Em-
peror's intention was to propose to the Prince
Regent a course of policy, not merely new, but
widely differing from that which he as a German
sovereign has been hitherto following ; and it is, I
believe, equally true that the proposals, whatever
they were, have been rejected. It was a painful
surprise to Napoleon 111. to find that the Prince
Regent had surrounded himself by all the
sovereigns of Germany [the Emperor of Austria
only excepted], in testimony of his loyalty towards
them. The original hope was that the ruler of
Prussia would allow himself to be ear-wigged, and
to listen to propositions which would have
made very light of the interests of other German
states. Within a few minutes of the Emperor's
arrival in Paris this morning he summoned& Coun-
cil of Ministers, and at this council it was resolved
that the government press should be ordered to
sing a song of peace in every possible tone. There
is, therefore, reason to believe that the designs
upon the Rhine are suspended sine die.
The Bourse opened with great heaviness, and the
Rente dropped to 68fr. 30c., being 15c. leas than
the closing quotations of Saturday. But later in
the day it was given out that the Emperor had
made a speech at one of the railway stations between
Baden-Baden and Paris, which was calculated to
give confidence, and it was said, moreover, that a
re-assuring note would appear in the Monitear to-
morrow. This news, which was sedulously pro-
mulgated after the breaking up of the Council of
Ministers, produced a smart upward reaction, and
the Route closed at 69fr. for cash, and 68fr. 950.
for account, with a rise of 50c. in each case.
Mobilier rose 16fr. The Orleans Railway rose
7fr. 50c.; Eastern, 3fr. 75c.; Lyous and Western,
sfr. each; and Southern, 2fr. 50c.
Since writing the above, I hear that the Emperor
on arriving in Paris this morning, told M. Periere
that peace was assured, and that he might con-
fidently go on with all his great undertakings. It is,
perhaps, lamentable, but not by any means
unusual, that expressions of this kind meant to
ptoduee an effect upon the Bourse should be
withheld from public knowledge until certain
privileged parties have had an opportunity of
making up a book. The Emperor arrived in
Paris at 10 o'clock this morning, and yet the
Bourse, which does not open till noon, was very
much depressed, the cheering speech which his

Majesty had made not being known till much
later. It is scarcely to be doubted that if any
positive result of a favourable character had been
obtained by the meeting of Baden-Baden the capi-
talists would have had an inkling of it through
channels other than French.