The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-08-05

If they did not do so, but that even were this OBJ
tanned, the question ought to have been submitted
to the nation. twill be contended, 1t is said, that
when Napoleon established the empire, he did not
rest, as he ought to have done, upon the decision
OF the constituents, but put the question fairly to
the country. Ii will then, it is said, be contended
that the present Assembly is net, in this question,
bound by the decision of the constituents, and that
IT VIII appeal from the constituent, to its MASTER
the French people. In short, that the question of
republic or no republic, or what is the same, re-
public or constitutional monarchy, will be pro-
posed to be submitted to universal suffrage. |
give you this rumor as 1t floats, without vouching
that Il VIII be realized. can, however, tell you
that it is circulated by parties in the most respect
able quarters where It's realization is evidently de-
sired
M Leon Faucher, the ex-Minister of the Inte-
ror, has published letter IN the journals, which
has made great noise. The gist of this nantes
to Is covert attack on M. Dufaure, the Minister
OF the Interior. After the revolution of February,
the departmental administration of the country
was completely remodelled, and the corps OF pre-
iects, sub projects, mares. and, in general, the
whole municipal body OF the country, was com
posed of the most ultra democratic red republicans
and montagnards In this condition things con-
tlnued until the election of Louis Napoleon, and
the accession of M. Leon Faucher TO Office, when
the reaction began Faucher swept away large
numbers OF these functionar1es, and replaced them
by men after his own heart. Still, however, a
majority remained in Office, and M. Dufaure, the
successor of M. Leon Faucher, less Jealous reac-
tionnane, has left them in undisturbed enjoy ment
OF their powers. During the late elections, they
spared no exeron, either open or secret, TO frus-
trate the purposes OF the government, and promote
the objects OF their own party. They moved
heaven and earth 10 obtain the return of montag-
nards and red republicans. Now, Nj. Leon Fau-
cher contends that this is state Of things which
ought not to continue. He says that good laws
are good things, but good administrators still
better. That he would rather have bad laws with
good administrators, than good laws with faithess
functionaries, determined TO Illustrate and pervert
them. He compares the government and its adj
herents, as il exists at present, to certain Empe
was surrounded with cortfge, IN which the assas-
sizes OF his predecessor led the way, and his own
followed.
PARIS, July 10, 1919.
The Bomse and Money Market.
The stagnation at the Bourse continues. 1t is
nearly deserted, and only persons who cannot alb
solutely leave Paris are to be seen there. There
is hardly any business done, and the smallest spe-
ration saflect the quotations. Much more time is
given TO chatting than to any thing serious, and as
news is very rare, the hdbitu6s of the Beurse APP
pear hardly TO know how to occupy themselves till
the bell sounds:
There is no doubt that the rumors of loan have
rendered SPECTATORS cautious, and have affected
the nse. As the last instalment OF the loan is
to be paid up the 2st OF this month, it has been
generally supposed that the minister would wait
until after that period before king any proposal.
1t is, as | have already told you, probable that
there will be loan, but do not think il near
as has been supposed. The last weekly bank ac-
count showed an augmentation Of seven millions
TO the Treasury credit during the week, which then
stood at twenty-nine millions, proving that the
wants OF the treasury are not ef so pressing
nature as 10 compel the minister TO be In any inn
mediate hurry.
During this part of the summer the Bourse has
always been, except during the last year, without
activity, and it is apsng into some Of its old
habits.
] do not send the prices of the week, as the
variations have been without Importance.
All securities partake OF the general lnaction