The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-10-18

The meeting OF the prOpt1et0LB OF th8 Bank OF Eng
land to decide upon rate of dividend, was held on
Wednesday last. informed yeu the question would
be decided by the ballot, amen dment had been
proposed to the original resolution IL ultimately
settled by majority Of Is out of 261 that dividend
Of 81 per cent without income tax should be at
declared The amendment, which was lost, proposed
that in addition to the above dividend there should
also be bonus Of one per cent. At the meeting the
shareholders vote Of thanks to the directors for
threatened with assaults from the chartists in April
last The prices in consequence Of the above decara
ton, stand thus Consos S526 to S61S.
Our Paris Correspondence.
PARIS, Sept 81, 1s4S.
Ledru Rollins Speech Prince Louis Napo-
leon-Raspail-The One Chamber Question-Univer
sat Su6rage-Liberation of Insurgents.
The great event which has signalized the week COM
menoing after the date of my last letter. been
democrat banquet held in q new public garden which
has been opened in the Champs Eiysess, called the
Chalet" This place occupies ground, which, you
will remember lies between the Circus and the Rue
Faubourg St. Honore. On this occasion, M. Ledru
Roln delivered a speech which Is variously appre
ciated here according to the spirit and tendencies
parties The ultrademocratio press lauds it to the
skies, the moderate abuses it to the dust The truth
is it was by all that earnesness Of pur
pose which marks the oratons Of this celebrated tr
bune He is for the restoration of the democracy Of
tine, if you understand this His speech contain
ed unmeasured attack the republic Is establish
edsince the revolution of February which he charged
with being utterly insufficient and below the level of
its mssionwith doing nothing for the people and de-
ceiving the hopes of the operative classes This
quet attended by about 400 persons. among whom
were so or 80 members of the Assembly chiefly taken
from that party known by the name of the Mountain
In the Assembly, one measure of great Importance
has been carried by an immense majority indeed by
the whole Assembly, the Mountain excepted. This
measure consists in amendment of one of the
clauses Of the constitution as recommended by the
bated at in in which it is declared
that evsxy citizen is bound to contribute to the public
in which it is affirmed that he is bound to contribute
in an increasing ratio to his The one assumes
that certain liked per centage as it were, of the in
come OF each citizen may be taken by the State for
the common purposes of revenue; the other assumes
that small per centage only shall be demandable from
those who have small incomes and greater per cent
age from those who have large incomes and that the
per centage shall augment with the mag ntude of the
income The former is called proportional taxation;
latter progressive taxaton the former admitted
and supported by the moderate party the latter is one
OF the great dogmas of the ultra democrats socialists
and communists. 1t is easy to that it would natu
rally lead to the conscation Of all property aud con-
sequentIy to the expulsion of all movable property
from the country
In the project Of the constitution as emanatng from
the committee, the phrase used in the article tax
alton was Intentionally equivoca being equally appl-
to the two systems The object of the committee
was to leave the question still open to debate, and to
aveid adopting in the constitution either the sys
tenn or the ether The Assembly, however have by an
immense majority, adopted the amendment, which, in
the most explicit terms excludes the progressive sys
tenn and declares that every citizen be only
In the direct proportion to his means.
rival of Prince Louis Napoleon, which took place few
days ago, since which he has kept himself wholly
secluded that his arrival unknown. The first in
timation Of his arrival his appearance in the
sembly. He had been a quarter of an hour there
before anything indicated his presence; but then
certain agitation arose, showing that some more than
ordinary event had occurred Prince Louis entered
by one Of the doors leading to the Corridors and
himself on the same seat as M Nj. Veillard and Havn
The result Of the elections of YOU'VE was then de-
clared The proclamation was read among much con-
fusion and the Prince then the tribune and
read from MS, in firm voice, and with perfect
calmness of demeanour, the following address
"Citizen Representa- tives-It is not permitted to
me to guard silence after the caumnies of which
have been the object require to express here frank
ly and on the first day when am permitted to sit
amongst you, the true sentiments which animate me
which have always animated After thirt three
ears Of prescription and exile at last my
country and all my rights of citizen. The republic
has given me this happiness let the republic receive
my oath of grstitude-my oath Of gratitude; and
into this assembly be certain that shall endeavor to
justify their votes in laborng with you for the main
tenance Of tranquility-that first necessity Of the
country and for that DEVELOPMENT of the democratic
institutions which the people has the right demand
Long have been prevented from devoting to France
only the mediations of exile and captivity at present.
the career in which you are all advancing is open to
me- Receive me, my dear colleagues into your ranks
with the same sentiment of afectionats confidence
spred by duty, always animated by respect for the
law conduct will prove with respect to the persons
who have endeavored to blacken my character in
der again to prescribe me- that no here than
myself resolved to devote himself to the defence and
freedom Of the republic"
Murmurs of warm appreciation grsetsd this profess
sion OF faith and good TASTE and he very warmly
received by many of the representatives.
The election Of M. Raspa for the department of the
Seine was then declared when the Procureur General
protested against his admission. The committee had
proposed to declare the election valid, but postpone
his admission until after his trial for the affair of the
10th May for which he is now prisoner at yincennes
Nj. Raspail his nephew, wished to question the 60
ysrnment to the immediate liberation Of his uncle
but Overwhelming tumult expressed the sense of the
proceeded and concluded by o motion, that M Ras.
pail be admitted to explain himself at the tribune and
to point out the real culprits who not Che sa at
Vincennes The Procureur General opposed this ex-
planning the conduct of the magistrates, and the
necessities of the judicial situation. Deville then
proposed that the admission of NJ Raspail and his
being heard at the ribune should be put to the vote
but this proposition i'll received as that of M
Raspai jun In the midst of this confusion the Pre-
sident proclaimed the admission Of NJ Raspail. He
then read letter from the Procureur General, de-
ma nding authorization to prosecute Raspal and M.
Maize. The Minister Of Justice demanded that the
question should be taken immediately, "d'urgence."
One or two members attempted to address the Cham.
Der, but the votes Of "urgencc' and authorization.
to prosecute were put, and successfully adopts both
with the exception of Ito Mountain
II we are judge by the egorrs now msnifested the
government has entertained very disproportiona and
opinions Of the possible or probable con-
sequences Of the arrival Of Prince Louis.
Several regiments are said to have been ready to
declare him emperor, night or two since.
unusual commoon took place that part the Rue de
Rvo which the Rue De Kohan 1t tho
sudden and departure of the 9Th battalion OF the
Guard Mobile which in from Rouen scarey weeks
The commandan Of this battalion AladeveIe be
and IL o'clock at night received order to march wh
Ruel with injunction leave the small barracks at the
extremity ofthc wing the Louvre completely clear bat
TALON OF the line which break Of day would replace
the Guard Mobile Notwithstanding all the good will with
mich epdavors we're AIDE to this order into execution
could not be completed till rather advanced hour in the
and the battalion Of the line obliged to wait In the
Place du Carousel with lie piled, barracks
rea TO receive them The Of the battalion and its
rem aiming gave rise unfounded apprehension that
brought there in precauon against expected disturbance
though there indications
Guard Mobile were upon the best terms with the inhabitants
OF the Deighbohood who regretted their departure Aade
the commander Of the 9Th battalion the Guard Mobile
Is sn old infantry officer, promised AFT air Bou
ogne and condemned with r. the Cour
Peers was k oonn ut Ste Palaaia wlen Tho rsrnn