The New York herald., 1860-09-13

CovST PERsIGsr's PEACE SPkEcH.-The speech
of Count de Persigny at the opening sitting o.
the Council General Of the department Of the
Loire, on the 2sth ult, is, we presume, intended
as another imperial peace manifesto II does not
seem, however, to have produced very inspirit-
ing effect on the Paris or London money market.
Threatening pamphlets and pacific speeches
follow each other in such rapid succession that
people have begun to regard each new issue
with pretty much the same amused in
credulouaness with which they would look upon
the performances Of professor of legerdemain.
They are tickled with the cleverness of the de-
ception, and wonder what Is to come next. Ah.
If the wise ones could only tell.
M. de Persigny sets out by stating that he Is
about to examine the probabilities of peace
being maintained; but after attentively follow.
ing him through his positions we own that we
are unable to arrive with him at the conclusion
that "the military role of France in Europe is at
an end His speech is simply vindication Of
what has been done in the past by his master, but
contains no pledge as to his policy for the fu-
ture. He assures us 1t is true that with the sub
version Of the political system Of 1915 the work
of France is achieved and the mission of the
new empire accomplished. But are these state
ments definite as to their meaning? There re-
mains of the arrangements Of 1915 sufficient to
give employment to the restless energies of the
Emperor and to convulse Europe in the effort
to complete their overthrow. How Is be going
to dispose of the Swiss question, supposing that
q new congress insists upon his recognizing the
neutrality Of the districs Of Savoy guaranteed
BY the treaties of 1857 What policy II he
prepared to pursue in regard TO Venice, assum-
ing that the war of revolution Is carried there
and is rolled back by Austria into Lombardy
Then as regards Naples, how are we to construe
the letter Of Prince Murat to his adherents 7
Does II not look as IL the Emperor had it
in contemplation to repeat the game that
be played in the Duchies BY endeavoring to
divert the popular vote in favor Of a mem
Der of his own family, and, failing In that
to demand compensation in the shape Of terri
tory for the increased strength which its annex
alton will give TO Sardinia Ia the French occu-
patton Of Syria fact which has no Significance,
or are We to take II as an explanation Of the
phrase that the military r6e Of France in
Europe d at IN end.' Unless these points re-
ceive clearer elucidation than Is contained in
the vague generalisms In which n. de Persigny
indulges, we cannot regard a. any more certain
than before the peaceful prospects that he holds
out to Europe.
The truth is that the French Emperor, hav-
ing set the ball Of revolution In motion, Is pre-
pared to take advantage Of events without re-
gard 70 the empty phrases with which he
amuses the world from time TO time. Just as
he modestly tells US that IL was Europe itself
that has subverted the treaties Of 1915, he win
by and by assure US, In making another haul Of
territory, that he has been forced to 1t by cir
cumstances that be has had no hand in Great
ing. Such ID his mode Of arriviagst his OBJ
jects. A very Uriah Heep among the pro-
fessors Of kingcran, he is most TO be distrusted
when he Il In the self deprccatory mood