Star.
London, England, 1830-12-27 00:00:00

LETTER IN THE HERALD.

Palle, Drc.26.
Order and tranquillity are restored. The extra service of the Na-
tional Guatd is dispensed with, and, generally speaking, the military
posts are not this day stronger than they were a month since. The
crisis has passed, but accompanied by circumstances full of importance.
The discussion In the Chamber of Deputies yesterday was but the
forerunner of others still more interesting; but the meeting of the
students at the Pantheon was an affair of yet greater consequence. It
is fortunate that Paris has been restored to tranquillity, and that blood
has not been spilt; but the agency employed to bring about those de.
sirable results suggests matter for grave reflection. The King, it ap-
pears, invited portions of the students of each of the three schools
to dinner, in acknowledgment of the service they had just ren-
dered. Did he not thereby tacitly admit the powerful influ-
ence those young men possess over the populace ? and observe,
notwithstanding (that which some people would call) three arro-
gant addresses, in which they say, in other terms, •• but--if the
Chamber does not proceed to extend the elective franchise, and to dis-
solve itself; if, in short, they do ilnot give us frankly and freely that
constitution about which they are now huatering with us, who paid
seedy money for it in July, we will, &A* The species of impetium
in imperio which the schools have the power of exercising, is found
inconvenient. You will see that measures will be taken to put an end
to it.

The funds recovered miraculously, as an uninformed observer would
think, in the midst of the alarm of Wednesday last, and maintained
themselv s the day after, but, no longer supported by artificial means,
they fell off on Friday. The belief on 'Change is, that the Goverment
devoted millions to that object. The only circumstance connected with
it which could bring the correctness of this suspicion into question was,
that the principal purchaser on Wednesday and Thursday was Alum..
Ouvrard, who would not, in ordinary circumstances have betn the
agent selected by the present Government to conduct a financial
operation.
Yesterday, however, the funds experienced a real, though trifling,
imptovement. Confidence was, in some measure, restored. The near
approach of the close of the year, with the immediate intervention of
two holidays, rendered it necessary that those who had made their bar.
gains should make arrangements to meet them. The consequence of
these co-operating causes was that the Bourse of yesterday was the
most animated known here during seven" months.
It would appear from the tone of some of the journals that (in two
words) endeavours are making to separate the National Guards from
the people. This would be desirable by a government determined to
fall into the old track, but cannot be seriously entertained by one only
four months established on the ruins of despotism. The crisis has, I
repeat, passed away, but you will find that a stormy season awaits us.
The opposition to the Chamber now so unequivocally pronounced in
Paris, will lead to another and still more formidable " movement," un-
less obviated by concessions, which up to last Wednesday the Govern.
ment thought it would be possible to avoid.