The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-01-12
SO will the present war produce President,
and that President will be General Grant.

anu th1t PRESIDENT Will De Generai uront.
Napoleon's Financial and Political Em- |
bsrrassments.
In lS48 a fewfdetermined men-prOminent |
among whom were Ledru Rollin, Marrast and |
Louis Blanc-began melting the people OF
France against the rule of Louis Philippe. Sc
cret clubs were held and speeches made at great |
public dinners, and at last as q result Of all |
these infammatory proceedings, the King fed,
and for few months republican government |
Aourished in France. Louis Napoleon adopted |
that republic but to strangle 1t. He became |
Emperor, and marched onward in despotism |
until he had obtained seemingly unyielding |
hold upon the destinies Of the people he ruled |
so arbitrarily. In an unfortunate hour for his |
interests the Emperor Of the French allowed
himself to be persuaded into granting freedom
of discussion to the Legislative Chambers, and
since that move on his part he has experienced
the cares and anxieties Of his predecessors on
the throne Of France. He has heard the wisest
men of tho country denouncing his political
schemes, and now he finds M. Theirs, the re-
spected and popular opposition candidate OPP
posing, with calm but forcible dignity. the
method whereby he (Napoleon) seeks to obtain
the treasure he must have to prosecute the
immense expenses he has entailed upon the
country through . mistaken policy of aggres-
sion and conquest.
NJ Theirs, who, with the government Of Louis
Philippe was overthrown in. lS48 is now &C.
complishing against Louis Napoleon the same
maneuvres which were successful against him:
that is, he attacks boldly the errors Of the
government and defends the rights Of the
people. In France such Q course on the part
Of M. Theirs will be productive Of important
results, and ere many months have elapsed
we may see Napoleon once more a sojourner
in London and frequenter of its clubs and
its theatres. The Emperor Of the French asks
the Corps Legislatif to give him three hundred
millions Of francs and N. Theirs opposes this
demand, and asks, where will it all end! He
foresees that with such policy as Napoleon's,
next year another loan Of three hundred mil.
lions will be required, and asks, how will the
country meet that demand? Mr.. Theirs desires
that all small wars should cease they
country. He desires peace and reduction of
the enormous expenses Of the government.
He fears that the present policy pursued by
France may entail upon Europe general war
| which shall last beyond the time of'the present
generation, and he cannot see why France
should foster any such great danger. he con-
demns the Mexican expedition, the wars in
China, Cochin China and Japan, and asserts
| that France is mistress of peace or war at her
pleasure;. and, in the name Of the people, he
desires peace. He is willing to give money to
the government to pay its debts; but he wishes
to curtail the extravaganza expenditure of the
different departments, and wishes to reduce the
amount of the loan demanded and to secure
the country against any further attempt at thus
raising money.
This speech of N. Theirs will have q great
and lasting influence throughout the French
empire. The people are becoming tired Of
| Napoleon's rule, and these exposes in the Lee
| gislative Chambers will immensely reduce the
prestige and influence Of the Emperor, who has
| for years persisted in course Of policy Totally
| unpopular in France. To attack his financial
resources is the surest way for the opposition
to cripple his political schemes, and this
is doubtless we'll understood by M. Theirs,
when he so firmly and persistently dsnounces
the proposed loan. Even should the Emperor
obtain this sum, he will never again dare to
appeal to the Chambers for like assistance;
and herein the opposition succeed in hamper
ing his future movements, as they we'll know
that the three hundred millions will be spent
as soon as obtained, and that ere many months
Napoleon's treasury will be once more empty.
If this need of treasure puts stop to the
schemes of the Emperor he will lose his only
hold upon the people Of France-the grati6ca-
ton OF their vanity and warlike tendencies
and he would then become insufferable to them
and his downfall be assured. All these con-
siderations add great weight and Importance to
the movements of N. Theirs and his able as
sistants in the opposition in France
THE PRIvATEERs IN THE INDIAN OCEAN
RETURN OK THE vANDERBMr.-For two years
out naval depots, and with all ombarrass-
mcnts in its way, has been able, by means
of two or three ships, to sweep the seas,
and has plundered our commerce, by the
statements of Captains Semmes and Mafit, to
the extent Of thirty millions Of dollars. Hsw
many ships we have lost since these statements
were made we do not know. Some time ago
It was announced that the Alabama, the most
active OF the rebel cruisers. had gone
into the Indian Ocean, where We have still
commerce Of immense extent. Our govern
ment sent after her the steamer vauderbilt-An
efficient and excellent ship, and one Of the
fastest we have-under Captain Baldwin, and 1t
seemed probable for time that the Ala
bama would find the Indian Ocean o hot
place. Indeed, Semmes is reported to have