The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-17
OUR FOREIGN DISPATCHES,
Our French Correspondence.

public sentiment General C; judged it to be mex
pedient and since that time there have been several
attempts to force Thiers friends into the cabinet
But General Cavaianac has declined to identify his
administration with that of Louis Philippe's, so
far as these appointments would have tendency
to do. He has avoided both extremes, and APP
pointed able and powerful to his ministry
THEIRS has formed club which is very strong in
number and talents; and he has been gaining very
fast in power and influence in the Assembly. His
paper the CONSTITUTIONAL threatened the administra
ton in case it persisted in refusing to make
such appointments they dcmanded-said if the
present ministry selected from considerations of
the peculiar fitness of individuals which they were not
disposed to deny, they would not feel injured but
that their friends could not be longer treated with
neglect with mpunty Theirs is the first assault
fatal indeed, for the assailant Such matters affect
men here very differently from people. All such
cases are looked upon as mortal encounters-a duel
where one Of the parties fall
Jules Favre, following the Development of the two
prosecuting officers in the of Lewis Blanc killed
the Minister of Justice and the old Executive
dead that one resigned the next day. and the others
driven out by unanimous vote few days after
In encounter he thrust them through and through
M. Theirs is great mana great tactcian-has been
thus far very usefugenerally his positions have been
excellent, and he has done the country great service
For few weeks he held office, and therefore is
in position to be drawn into resignation; but yet
General c.. in his defence against attack wanton
so supplementary, so wanting in respect to the 60
vernment, and the other committee, has dealt him
mortal bowsfor the present, at least The practice
has required the government to prepare the projects
of the laws, and to submit them to the Assembly,
who refer them to a committee, before whom the GO
vernment and all other persons are heard and then
the committee makes its report. When THEIRS there
FORE denounced the project of law submitted to
other committee, he committed great indignty upon
the the Assembly and the other committee
besides being charged with agreeing to strike out the OBJ
jectionabe matter, by member of his committee
before he made his report.
now consider the French republic more firmly seat
ed in power. and capable of making more resistance
than any government in Eurepe-that of England aud
Russia not excepted. The republic has passed the
crisis which both of those governments have
later to through. The continent is in favor of
pubics France has explored the channel which has
led her to a safe harbor Her government at this
ment is infinitely stronger than ut any moment since
the Inauguration of Louis Philippe. 1t has conquered
both monarchy and aparchy-is now based upon the
will Of the people-the laws triumphant-the regime
severe--the order perfect throughout the country
and powerful at the head of the dmiuistra-
ton. and confidence restored OBSERVER.
PARIS, July 81, 1913.
attack of Ihiers upon the Gorernmcnt-Hs Conse-
quences, &c.
Yesterday was day of thrilling interest IN the
chamber of the National Assembly, produced by
the report of M. Theirs upon the proposition of NJ
Proudhon, to seize one-third of the means of all
men in France, to be divided equally between the
State and the poor. This report was received
with unlimited appreciation, and was terribly
severe upon the proposition; and had NJ. Theirs limit
ed himself to the subject legimately before the Com
mittee, of which he the organ, his triumph would
have been complete but he stepped aside to attack
measure of the government submitted to another
committee for their consideration, and which had at
that time, the subject under their consideration
member of the committee Of which M. Theirs the
organ to this point, and stated that n commit
tee he pointed out the improperly to NJ Theirs and
that he agreed to strike out the whole matter This
Theirs denied, and said he only agreed to change
word This produced assertion and denial reiterated,
which was proceeding, when Gen. Cavaignac rose and
said, That the Assembly would comprehe nd that it
is with hesitation, and not without regret, that he
took any part in the incident but President Of
the Council, he thought he ought to say something
upon the passage of the report which expressed an
opinion contrary to law tne GO 81 which
sibe that have not yet sufficient experience of par
amentary propreties; but it appears to me to be in
convenient that committee should give opinion,
in advance, upon the project of law submitted to
another committee, for their examination; and, in my
position it appears to me to be nay duty to protest
against this species of reprobation with which pro-
ject of the government has been struck, with out
any discussion agree nd give adhesion to the
report Of NJ Theirs upon the subject matter submitted
to him. and to his Reproduction of certain doctrines
but regret that when he was upon so good ground,
he should have thought it necessary to attack in the
sam esevere reprobation project Of the government
M. THEIRS replied, that he thought it was the right
Of the committee to express an opinion and that in
The PRESIDENT said, that he was free from saying
that the Hon. NJ Theirs had been wanting in
rience. It belonged rather to the President than to
the poet to give lessons but he yet thought 1t to be
his duty to point out the unpopularity Of a
another communion, who had part in this report.
This would be to provoke discussion upon question
which had not been sufficiently considered but for
his report generally, he thanked NJ Theirs, in the
name Of the government and the country entire but
he had felt to be his duty to point out what appeared
The appreciation Of the Assembly was most decided.
and the agitation great that the President Of the
Assembly adjourned the session for the excitement to
abate Theirs will be severely punished for this
sideway attack upon Gen. c., as was Lamartine for
his sdeway attacks upon Louis Napoleon. Jealousy
and envy lies at the bottom of both This is the first
check which Theirs has experienced In his to
power, in the Assembly He misteok the strength OF
he sgnally overthrown as were the insurgents
behind the barricades. Both were wrong, and no one
knew it better than M. Theirs. The Assembly were
'''''''' 'e'e'' 'f'A '''' y '' OBSERVER
PARIS, July q, lsis.
The Money Market.
The general tendency of the market was to a
fall for some days after my last report. This was
in some measure, produced by the unfavorable
position of our financial AFFAIRS and by the fear
that large amount Of stock would be thrown on
the market by the conversion of the treasury
bons and the delivery of stock to the deposiors of
the savings banks.
The necessity of new loan was universally felt
10 place our financial situation on anything like a
solid basis: and the projects for this pur-
pose that under the ministry of M. Duclerc could
only have been and received with distrust and
iucredulity and which, under the direction of any
less experienced person than the present minister of
finance would have been admitted with considerable
hesitation WERE its being understood at the Bourse
shat M (ioudchaux intended to propose loan again
the subject OF conversation SO many difficulties lay
in the way the adoption OF any one OF them That 1T
Morally supposed that he would altogether aban-
don the plans Of his predecessor and accordingly the
reports that he about to prepare new loan ana
adopt entirely different system OF finance, were re-
ceyed ut the Bourse with much favor and the unver.
sal feeling Of the market that proposed on sound
principles, loan could easily beeffected.
These reports prevalent Saturday; but was
little expected that M. Goudchaux had matured his
plans and about that very day to apply to the
Assembly to authorize loan. In all his operations
since he has been in Office he has adopted an admra-
BILE plan to prevent jobbing he Keeps his Intentions
profou ndy secret until he goes to the Assembly, and
then demands the immediate passage of his measures
This was precisely the course he took on Saturday