New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1853-02-02
1HE STATE OF EUROPE.

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s.. xHE S1sdIE or El,ROPE. 80
xkapoeition of the European powers az thew
stand 1t present in regard TO each other. is /
matter Of deep and interesting study 10. the
American thinker. It can hardly vet be reaI-
lied that France has. from the SIMPLICITY of \
Republican form Of government which she boast
Cd Of to the world not many months since. sunk.
(ws may use the wordl for she has fallen far
from the lofty and liberal nostion sbe 60 recent.
" assumed. under the SWAY Of a daSrot Tho
Louis Napoleon ia sucb needs INIT ,i,tle tost;r,n .,
TO convince the most Infatuated advocate ~ his
schemes and his noliov. He has shown II in the
cossp defat, which by fortunate circumstances
and the aid of . paid host Of minions gave him.
anabIod him to put his iron heel upon the neck Of
= madam, and be has further shown it by the
subtle orts which have enabled him to assume
~ Imperial purple which was stripped from his
unsle. He wears it as the peacock does his
plunes, and he seems to enjoy the TRIUMPH. He
speaks soft words to all, and holds forth the
olive branch but as a screen to the thorn which
he conoeals behind it,
II is evident that while he rules. he means 10
make the most Of his position. and the bold ston1
he has taken has thus far rede,,nded IN bis al.
vantage and glory When tba s,,estion A. H.
assumption of the title Of Emneror- was srst
meotsd, the most fierce and extravagant ,,o,
suneiamentos were made bv the great no,vers AZ
Continental Europe, and il was sunposed Inv
MANY that. sbould Io,,;s N.no,ao,, raa1.e :.
demonstration beyond the simple title Of pres;.
dent Of the Republic, he would be annib;latad
80 NJ
THREATS have softened down to chants of welcome
to the new Monarch, and mandates of most por
tentous weight in war, have been superseded nv
kindly greetings to the Emperor of France
Apparently, such step was repuenant 70 the
crowned heads of Europe but while thew had q
djstaste for recognizing the Emnire. thev de-
light in the idea that repu5icanism had bepn
strsngled in France--that the channels.of f;ae
thought had been choked, and that ilesnotisr
was the gamer by the change. But while thew
rejoice, they are by no means easy. They fear 4
and with good reason, too, that the Emneror,s
pledges Of pacific intentions are merely bapbles
used for the occasion, and that he will seek the
earliest opportunity of wiping out the stain of
Montmaitre and Waterloo. The French nation
needs excitement, and the g Old Guard . is not
yet extinct. The Emperor will yet make En.
rope rssound with the din Of battle. His fate
may Be the same as that of his uncle, but ernbj.
ton eoads him on, and he has anvtbiro b,,,
friendly feeling for his brothers and sisters |
who have plainly shown to him that they loved
hin not
The Queen and Ministry of Portugal have
raised up host Of strong enemiesby the sum-
mary manner in which they have chosen to
alter, 70 the injury of their creditors, the rates
Of interest on their stock outstanding. Without
consulting any one, they have converted the
whole of their debt, home and foreign, into three
per cent. stock, and the change is most sourly
received, both at home and abroad Portugal
had contracted debts in England TO the amount
Of nearly ElO,O00,000, at four and five per
cent, and nearly fs.000,00O of that stock is i
now held in England. What the effect of this
novel mode Of hnanciering may be, remains to |
ne seen. 1t is certain that shehas several times
iaiied 70 pay the annual interest on this debt, |
ana mat her creditors have been forced into
several compromises. Yet this royal repudia |
tion meets with favor with some of the leading |
journals Of England The Times, particularly
scored MI