The New York herald., 1876-01-03
THE FRENCH REPUBLIC.
The Senatorial Elections Question
Danger Ahead.
EXCITEMENT and UNEASBESS On TlE BCURSE.
amentay Goyemment-Extreme Po-
itcaI Parties
PARis. Dec. Is. 1875.

OF course the topic OF conversation Tor those WHO
/ take interest politics. Tho number Of these per
sons as have before had occasion to remark, Is not
very large IN France. Parsians indeed, ike TO be
amused with the gossip Of the obbics their alter
noon absIuthe and The narrative Of the last stormy
scene the Assembly may pass half hour agree
ably enough but that The OF Frencnmcn very
seriously for those matters may be doubted Even the
intelligent and educated classes appear study political
news rather with eye to the fluctuations OF the
money market with much heed TO the principles,
immortal or otherwise which may be at stake And
the real importance Of
THE PRESENT CRISIS
unquesonahly lies the fact that the Stock Exchange
/ extremely uneasy. The funds not yet much
affected but there is felt Of anxious expectation
the results Of the liberal victories which continue
from day to day. Republicans in the Ola world are
bound to confess that whomsoever they may have
succeeded IN reconcng their ideal form of govern.
ment they are still long way from having secured
ihc confidence OF moueyed men. 70 this day they
paying Tor the sins OF their political ancestors-tor the
''assiguatsn and other unsatisfactory financial ex-
pedeuts Of the First Republic Nor 1t be denied
that whispers the eXpediency Of repudaton have
been audible under the THIRD Republic That they are
only found the lips Of those who styled by their
enemies Socialists and Communists is circumstance
not absolutely reassurng to gentlemen who live the
I
Eys6es because the leaders OF the republican party
while they honestly abhor Communism DO as a matter
Of fact exercise their influence the councils the
nation through the support OF COMMUNIST electors
the polls And il Is naturally feared that when once
they come into power the 'Gerce democracie' which
viii have placed them there will expect It's reward. It
will demand a roadjustment Of taxation, amounting to
a dne on large incomes; and the organ cation Of
tiona workshops these measures, already condemned
by political economists Will bring rohef TO distress
viii frighten property of the country increase the
price the necessares of life and
Of deficits which the Minister Of Finance viii have to
meet as he best can. Under such circumstances repu
diaton may become the question Of the day the
source for government face to face with an angry
mob demanding, as in 1898,
''BREAp AND NOT SPEECHES.
The stock Exchange proverbiay timid, and it is
prospect Of this KIND with which conservatives, who
perhaps, the dupes Of the fears they affect
deavor TO alarm So far they have only succeeded
IN causing lul IN business, and making pause
rather longer than usual before investing government
securities but the political and Gnancal atmosphere is
meanwhile charged with vague and dsqulctng rumors
the question everybody mouth is, "What ncxtY'
FUTURE
is in truth fraught with enough Of real danger to
make 1t a work Of supererorauon TO suggest perls
briefly summed up Up last night forty Senators
Lad becu elected. OF these, thrtyeisht had been
borne on the lists OF the Len three those Of The
Right and one on both lists. Tho Ministers Buffet and
WALTON have withdrawn ther candldature, and the
Cabinet has avowcdy sustained serious mora, defeat.
whether they Will continue to hold Office is doubtful
/ il is said by persons VINO ought be well informed,
that " Buffet makes light Of the check he has
ceivcd regarding the vote Of Chamber which has dc
! creed is dissolution Of little importance
Nevertheless he Will probably challenge a Of
Gdcnce before the close Of the the question
of the state OF siege NJ. Albert Gr6vy viii move as
soon as the Senatorial elections concluded the
extraordinary powers utrusted the military author-
ties since the war shau Immediately cease NJ. Buffet,
the part Of the government Is expected to propose
an amendment to this resolution, continuing
sTArE SIEGE
iu Paris harselcs and Lyons, and TO stand or a by
tle decision Of the Assembly. BY this apparent bold
may be guessed that be Will risk nothing for the
alliance between the Lett and The extreme Right cannot
be louglvod, legilimsts aud republicans having simply
agreed coalesce for definite purpose-yz, the ex-
cuson Of Oroanists from tho Senate This object
accomplished they will be ony too eager TO part
pany he sdhefents Of the Comte de Chambord
have above all the utmost desire TO conciate the su-
porior officers of the army, who naturally prefer
state Of siege to the government OF civilians. Under
the former there are an sorts OF peasant allowances
and extra pay with which TO exc out their scanty saa-
res 20 say nothing Of the dignity and Importance they
acquire the district they may be called upon to ad
minister and the rewards in the shape OF decorations
and promotion which may BE- won by the display Of
ADEQUATE amount Of zeal IA keepng the radicals Of
prov ucial town In order
rHE BoNArARrfsTs,
too are aDxlous cprry favor with The army and may
be counted upon 10 man TO uphold martial law where
ever an excuse can be found tor H. Is u not their
dearest hope thar dissatisfied general may adopt
custom 10 vogue The other SIDE OF the Pyr-
enees and pronounce for Napoleon Nv.
bright morning when the country shall be dispustcd
with the strife OF parties and wiling to accept peace
even at The price Of despotismf The military govern.
mont OF civil community Is species OF organized
anarchy and condition of anarchy IS precisely what
lmperiAllst conspnatUrs desire
NJ BUFFET
Doubtless then, ". Buiet and his colleagues VIII
end the majority OF tho 24th Of May united
and compact when II Is proposed 10 uphold the system
repression IN the great centres Of ree thought aud
liberal ASPIRATIONS Whether the Premier and MS COZ
leagues viii remain long IN power after the meeting Of
/ the Assembly IS quite another matter u might
be well FOR France II the present Ministry could be
sured of a reasonably long tenure Of Office tor
II is composed Of men who mean well and have The
couraeo 10 exercise resoute tyranny even fthey had
/ the inclination TO DO with a opposition strong
enough control but not strong enough to turn
them out, they might carry on The business OF the
country IN toleraoly satisfactory fashion But it IS
very much be feared that neither n. Buffet nor NJ
Gambetta will be able TO command decisive and
disciplined majority IN the next Chamber. To enable
~ Buffet 70 maintain himself ~ oihce with any self
respect would be necessary that he should be backed
by nota necessarily large but SUI absolute majority
Of moderate conservatives excluding iegitlms's and
/ Bonaparusts similarly N. Gambotta would require an
absolute majority Of liberals, excluding ultra
republicans aud 10 seems az present TOO much 10 nope
that either the statesman the other Will be 80
fortunate The chances that the Assembly Of 1876
Will consist OF legtmiss, conservatives sympath eng
with Orleauism but ready 10 accept the Republic,
Bouapartsis republicans and socialists The lepitimsts
and socialists viii alike be few IN numbers, hut they
/ NAV nevertheless hold the balance Of parties and
eithor section may have it 10 It's power TO render
Z stable parliamentary government imposs bic.
A HISTORICAL PARALLEL
The lCgitlmsts especially may bc expected 90 play
the part which was long played VIII considerable suc-
: cess by the Irish Catholic members u the BRUSH
House OF Commons When liberals and conservatives
were nearly equally balanced hey put Up their votes
On perfectly honorable sense % TIC highest bdccr
that is. they gave them 60 the party which promised
Z 70 40 most for ireland and for TIC Catholic Church.
I Ia 1859 thoy drove Lord Derby from power ahd put
Lord Palmerston IN his place. and there ls 90 saying
what concessions they might not have wrung other
from Mr. Gladstone Mr. Disrac II the general cleo
ton Of 1874 had rendered the tories independent
| Of their support As IN England Nr. Butt and his
followers have resolved to know nothing save home
rule aud ireland for she Irish, 80 "tho Light Horse