The New York herald., 1862-02-12
THE AMERICAN WAR CRISIS.

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Napoleon's Speech to the French Legis.
lature.
The following translation Of the speech deliv cred
By his Majesty the Emperor Napoleon on the opening
the legislative session Of 1862, January 27:-
onsrnsm SnNAroRs, 0EN1srnx D1runB:-
The year which has just passed, despite certain ankle
ties has peace consolidated. All the rumors pu
Sosly prcpegsted Imaginary prac have fallen to the
ground Of themselves before the simple reality Of facts
Ny relations with foreign Powers give me the fullest
satisfaction, and the visits Of several sovsegns have
contributed stl to strengthen bonds Of friend
ship The King Of Prussia, in coming TO France has been
able Judge for himself Of desire unite ourselves
still closer with government and with people who are
advancing with firm and step towards progress.
have recognized the kingdom Of Italy, with the nrm
Intention Of contributing, by sympathetic and dsinte
rested advice concats two causes the anagonsm Of
which disturbs the public mind and conscience every.
where.
7As eisil which desolates America has seriously com
proisd our commercial interes Nevertheless long a,
0e rssAs Of nesraIs respected, must eonfns our
selves to tie attvance Of Wish that these disensons may
soon be Terminated.
Our establishment IN Cochin China has been
consolidated by the vaor OF our soldiers and sailors
The Spaniards associated In enterprise will nnd,
j hope, In those countries, the reward Of their
courageous support. The Annamites make o feeble
resistance to our power, and we should not be ut
war with any one, H. in Mesico s proceedings Of an u
sS1TSlo 0evsymwsnt had not obliged join Spain and
Emslomd in protecting fslow eoxnrywe, and in sup.
pressing attempts asanss hum any and the rights of ma
fions Noing can aris cut Of is conflict Of natursto
sAaks confidence in the future
Free from foreign cares have directed ny attention
more especially 10 the state Of finances. candid
statement tepos sincere has placed the real state of
Affairs before you. shall only say few words the
subject The public expressed astonishmsnt ss eu) Al
the sum Of s63 900 ooof 70 which the sasing debt has
sisen but that debt II be hencsforth checked need
give for anxiety for It had already attained
shat figure before 1s4e-s period whsn the revenues
Of France far from approaching what they are at
the present moment Moreover, let nrst b. deducted
from this amount the o52 ooof which weighed upon
the state At period anterior to the empires then the
ooof repaid to the rsnss holders reisr at the
sms Of ths conversion then the 2ss 900 ooof odd
secured caused In chs last budgets by distant sxpe
Aons, and which might have been possible TO secure
- . loan.
Il viii bs seen that, since the esablishment Of the
empirs-shanks, 10 true 70 the cancellations succes
sivsly operatsdths deficits dseosu have not ncress
"a in proportion to the wants FOR which necessary
provide 10 the advantages obtained during the last
cen years. In fact, gsntsmsn would mos be just 10
forget the increase Of sxpense caused BY the annual in
ssrsst of the loans contracted for two wars which have
not been devoid Of glory the fo22 900 employed by
shs treasury great works Of public utility, ndopen
IDENTIFY Of the three miard appropriated by companies
In the completion Of es5a kilometres OF railways the
establishment Of the network Of tslegrapho eommunca
sion tho Improvement Of the condition OF nearly all the
servants Of the sats the Improvement Of the soldiers
welfare the eadres Of the army placed on footing in
Keeping with tho cxissnciss OF peace, the dignity Of
France; the transformation Of the feet aud Of al our
mdterig for the atlery the restoration Of our build
ings for public worship, and Of public monuments.
All these OUTLAWS have given q beneficial impulse TO
public labor throughout the empire Have We not seen
cities rsembslshsd, companies enriched by the pre-
gess Of agriculture and foreign increase
from two milards six hundred mlions 10 nve misrds
eight hundred mions In Short BY the sole increase Of
public prosperity the o the State have in
creased by many hundreds Of millions.
This enumeration shows the full extsut OF the nnan.
cia resources Of France and yet. whatever may have
Been the origin Of the dencts-howevsr legitimate NAV
have been the sxpensesm prudent not to increase
shem. With this object In view l have proposed
radical means TO the Senate which confers upon the e
sslatvs body higher control and associates closer
with ny policy, But this measure was not, a. may
easily be Supposed expedisnt 10 tighten my respon-
sibility was spontaneous and serious reform, Of
nature 10 force us 70 be economical In rsnouncing the
right 10 open supplementary ana extraordinary credits
fn The interval between the sessions was nevertheless
essential to the power Of providing fer unfore
Reon necessities.
Tho system Of transfers provides the means and II has
she advantage Of limiting that power acul) to really
wgsnt and indispensable wants The strict application Of
this new system will assist in placing our nnsncia
system on the soundest basis upon your patriot
,jsm and Intelligence TO second my efforts by your willing
support.
TBc Budget win be presented to you Immediately on
che open Of The session. s not without regret that
hsvs deNdsd 10 propose 10 you resdjustmsnt OF cer