The Express.
London, England, 1857-06-24 00:00:00

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.SbI►DON, WEDNESDAY, JUNE M.

A DOUBLE NUMBER si' tlw EXPRESS will
M psblinhad as •anal ON SATURDAYS.

• So far as the numbers who have voted for the
different Candidates at the elections for Paris enable
us to coojecture, it would appear that a majority of
the Opposition voters is composed of the Political
Republicans. Among those who hare abstained
from voting, the Monarchists and the Socialist Re-
publicans may bo inferred to hare preponderated.
Yet these two dames are precisely those whose hos-
My to the 'signing dynsety might hare been

expected to bs lent IrreCo milcable: Many of the
Monarehirts are devoted rather to the prin•
ciple of Monarchy than to any individual House
or Monarch ; many of the Socialists regard political
forms as of comparatively secondary importance; yet
both of these praeteraele clams stand obstinately
aloof from the existing Government, declaring
that they will not condescend to take part in sham
Idlections ; while the Political Republicans brave
the anger of Government by recording their rotas
for the men whom it most deeply hites and fears.

- .
The EMPEROR is too clear-sighted a man not to
perceive that a national feeling so deeply-rooted, so
fearlessly expressed, cannot be resisted. Unless hie
resuscitated dynasty is to be • mere ephemeral
shadow, he must make up his mind to devise some
awes of engrafting a really elective Legislature
on his Imperial system. It may, or it may not
bi too late for this. It is clear that more than two-
thirds of the Electors of the metropolis are hostile to
an irresponsible despotism ; and it is equally clear
that the distrust of his sincerity engendered by the
Coup d'Etat has placed him in • state of moral isola-
tion from all the elements out of which a constitu-
tional government party and a constitutional oppo-
sition might have been formed. But if the
EMPEROR cannot make the Corps Leg islatff
nay • free expression of public opinion, be will
be left without any safety-valve to carry
4 popular discontent, without any index to
&IN urban danger is at hand. He can at
fj sement feel secure from some sudden explosion,
*homy shatter to fragments the frail edifice of
Sellelperial Constitution. True, many of the in-
t slags citizens of France are disposed
feargdiess In his despotism, so long as it can
mean tranquillity; but so soon as it shall appear
OM it is inadequate to this purpose, so soon will
.elided adhesion be withdrawn. The Empire
is de only organisation to which Frenchmen
can look for the discharge of the functions of
Bovernment. That Assembly which, on the day of
the Coup d'Etat, adjourned under pretest, is still in
existence, and may even after a long interval re-
sume its authority, as was the ease in the seventeenth
century with the " Ramp" of the Long Parliament of
England.

Tnz City of London is this day invited to pea
judgment oa a project whose realisation will make
an era in the history of the world. The greatest
mercantile emporium of modern times is asked to
consider the greatest mercantile problem of all times,
the practicability of making a ship canal through
the Isthmus of Suez—of forming an artificial Bos-
phorus between the 'Mediterranean and the Red Sea.
It is not often that a matter of this moment is sub-
mitted to the arbitrament of municipal councils and
national legislatures. The scheme involves nothing
less than the construction of a new highway for the
nations between the East and the West, of diverting
into a new channel the most lucrative streams of
modern commerce, and abridging by some thou•
sands of miles the sea-distance that now

separate Europe from the ancient opulence
of ludo' and China, and the young enter-
prise of Australia. There are three main questions
with regard to this great project. 1. Is it, as an

. . -
engineering enterprise, practicable? 2. As a finan-
cial speculation, is it feasible ? 3. Are there politi-
cally any objections to it that can overbalance its
manifest commercial advantages ?
The first question is now placed beyond all doubt.
Nature has opposed no insuperable barrier to the MK-
credal execution of the only kind of work which would
be worth attempting, a ship canal without tools—an
unimpeded salt-water channel between sea and sea.
The financial aspects of the question present
ea greatest difficulty. DE LLSSEPS says that
he can make his canal and ports fee 8,000,0001., and
keep them up for less than 70,00 W. a year. His
sources of revenue arc principally tolls. He pro-
poses a charge of 10 francs per ton, and calculates
on an annual transit of 3,000,000 tons. Assuming
these data, he has at once a revenue of 1,200,00 W. on
an outlay of 8,000,000/. This is, of course, to be
taken with very considerable distrust as to both
terms of the calculation ; the required capital may
have to be increased by million*, and the anticipated
returns diminished by thousands; still, when every
reasonable abatement has been made, there appears
to he little doubt that the enterprise in the long run
would prove--even commercially speaking—a de-
cided success. In the present financial state of the
world, the main difficulty would seem to consist
in getting it fairly launched. The golden
age of credit has passed away like a
dream. nse steady stream of metallic wealth
pouring in upon as from California and Australia
has caused nee overflow of tressure—rather the

reverse. The .apply is vast beyondexamPie, but
the demand appears to be treater still. Money in the