The New York herald., 1862-11-27
The French Cabinet.

rIIuys, the newly appointed Minister OF Foreign
| Affairs, are antagonistc. M. Thsuyenel, who
has just resigned the post now occupied by M'
de l'Huys. was requested TO do 30 by the
Emperor Napoleon because his tendencies for
Italian unity were too strong. 1t is imp jble
that M. Foud and M. de pHuys should
both remain in power Fould wishes by
retrenchments and the most strict economy, to
recuperate the almost annihilated finances
of France De lIiuys imagines, like the
Emperor, that foreign conqussts are the
better calculated to replenish the exhausted
| Golfers of the State. and at the same time
! please the proneness of the French people for
war and all its glories. M. Fould has, for the
last two years, importuned the Emperor for
reduction Of the army. Henamed two hundred
thousand as the number to be dismissed and
| sent to their homes, to the immediate relief OF
the exchequer, and as likely to afford reason
able opportunity for reconstructing the fnan-
| cal fabric Of the empire. All M. Foulds
entreaties and expostulations have thus far
proved in vain. The wise Minister Of Finance
was uncompromisngy adverse to the Mexican
expedition. In fact he is to all expeditions, and
| above all, he demands, as means OF retrench-
ment, that Napoeon's gigantic preparations for
navy be discontinued. He AYERS, with
every show OF reason, that these immense
| armaments can but conduct to two re-
results both disastrous--the one war against
England the other utter financial ruin For
q period it seemed as though NJ. Foulds
counsels would prevail with the Emperor; but
then the Empress began the formation Of her
present party, and she is and has been very
| ipimical to M. Fould. She has made use of
every means in her power to counteract his
influence with his Majesty, and has succeeded
SO far in preventing The acceptance OF any Of
his measures for reform. Her Majcsty's couA-
sellors-and they are many and inauential-urge
different course from that advised by Fould;
and, as their arguments are in conformance
with the Emperor's views he leans towards
| them.
The nomination of NJ. Drouyn de pHuys
to the post occupied by Thouvenel was blow
at Fould; and the latter, understanding it as
such at once rendered his resignation to the
Emperor who demanded fortnight to con-
slider upon it. In the meantime he applied
to all the projects throughout France to know
what would be the result of M. Fould's re-
tirement from the management Of the damaged
finances Of the empire; and as feeler, he
caused rumors Of n Fould's retirement to bo
circulated at the Paris Bourse and published
in the Independence Beige. The stocks fell at
once and the projects at once telegraphed,
! one and all, that revolution would break out
from one extremity of the empire to the other
within three days after it was positively known
that Fould was no longer minister.
These grave signs Of the times caused
the Emperor to reflect, and he eotreat
ed of his minister that he should remoin.
At least until the country was in such :
state that his resignation would not sndanger
the existence Of the empire. M Fould has al
ways been the best friend and adviser of Napo-
leon III. He lent him money when he was but
4 Prince, aided his accession to the Presidency of
France, and staked his all upon the coup d'stat.
Had it failed Fould would have been
beggared. To remain ignorant of such services
or angrateful were an act too base; and the
Emperor, who appreciates NJ. Fould's friendship
and advice, is not unmindful of the fact. He
respects and esteems his minister, and he would
| no doubt endeavor to follow his counsels were
not circumstances fsrcibly driving him in other
directions.
The new Minister Of Foreign Affairs, Drouyn
de rHuys, is heartily opposed to NJ. Fould,
and has become an advocate Of the Empress,
through whose influence he was appointed to
replace M. Thouvenel A war with England or
an intervention in American affairs would, it is
believed by her Majesty and this new ally of
her policy, distract from Rome the attention of
the revolutionary party in France, and would
give the clerical intrigues against the unity of
Italy time to eliminate. These ideas may, and
no doubt will, bring about war between France
and England, as that step would be more popu-
lar with the French people than any interven-
tion in our affairs
The news brought by the latest advices from
Europe goes to show that France is already sepa-
rating from England; that she is endeavoring
to throw upon that Power the onus of the pre-
sent state Of distress in the manufacturing dis
tricts in France; in fact that the Emperor's
government is cndsavoring to prejudice the
French people against England. The results
are sure and easily attained. 1t is no difficult
matter to inHame the bitterest hatred Of Eng
land throughout the whole of the French en-
pire. Once this feeling aroused, the Emperor
may then sacrifice M Fould, whom he would
rather retain, but against whom the influence
Of the Empress must in the end prevail. We
deem this the explanation Of the complaints of
the French government against England and
to her noncompliance with the desire of
France for mediation, and feel certain that, had
England signifed her consent, France would
have found means to back out the moment she
saw England too far entangled for any hope Of
cxtrication on her part. Napoleon would have
deemed that an American Roland for England's