remarks, and expressed himself to the effect that we were on the eve of great crises, that France would fall to pieces, and that Thiers would by his policy prepare for a revolutionary war, if a definitive government, the traditional monarchy, were not speedily re-established. “I have not considered myself justified in withholding the statements of Count Beust and the overtures of M. de Calonne, whom I had hitherto hesitated to receive. It is not impossible that M. Thiers may have spoken to Count Beust in a sense different to his remarks to me. M. de Calonne, whatever his personal significance may be, is in any case confidant of the monarchist circles, and an organ of their public opinion. The views of both gentlemen are confirmed by the circumstance that M. Thiers is raising a larger army than that maintained by the Empire. Casimir Perier, indeed, assures me that the Government cannot dispense with this strong force if it is to maintain public order. But even if that be so, who can guarantee that a gendarmerie of over 500,000 men may not suddenly become a field force, when circumstances permit? “All these considerations might lead me to apprehend that I have reposed too much confidence in the intentions of the President of the Republic. Nevertheless, I do not consider myself to have any reason for in any way altering my previous view of the situation. Even if M. Thiers should permit himself to entertain vindictive combinations, and even if he thought of ultimately employing this great army to some other purpose than the war against the International, none of these dreams could take a definite shape before the year 1874. We, as well as M. Thiers, are for the moment only concerned with the next six months; and for these six months, and indeed for his whole lifetime, M. Thiers cannot desire warlike complications, because in spite of all his frivolity he cannot doubt that the first cannon shot fired would put an end to his own Government. What would happen afterwards is another question, the decision of which would probably no longer lie in the hands of the present President.