The leaders of the Liberal party held a meeting, when the question was anxiously discussed. Opinions on the subject were divided. One of the most prominent men of the party, M. Lagrange, urged decided measures. "Let the democracy," said he, "hoist its standard, and descend boldly into the field of battle for progress. Humanity, in a mass, has its eyes upon you. Our standard will rally around us the whole warlike and fraternal cohorts. What more are we waiting for?" On the other hand, Louis Blanc said, "Humanity restrains me. I ask if you are entitled to dispose of the blood of a generous people, without any prospect of advantage to the cause of democracy. If the patriots commence the conflict to-morrow they will infallibly be crushed, and the democracy will be drowned in blood. That will be the result of to-morrow's struggle. Do not deceive yourselves. Determine on insurrection, if you please; but for my part, if you adopt such a decision, I will retire to my home, to cover myself with crape and mourn over the ruin of democracy." Ledru Rollin, following in the same strain, said, "Have we arms, ammunition, combatants ready? The Government is thoroughly prepared. The army only awaits the signal to crush us. My opinion is, that to run into a conflict in such circumstances is an act of madness." Under the influence of such views, it was decided to abandon the procession. The regular troops in Paris at that time numbered twenty-five thousand. There were as many more garrisoned in neighboring towns, who could in a few hours be concentrated in the city. Orders had been already issued for all the military posts of the capital to be strongly occupied. In consequence of these various measures, excitement pervaded the whole metropolis. Many of the Liberal party were not satisfied with the decision of their leaders. Many of the populace were also ignorant of the resolutions to which the committees had come at a late hour of the evening of the day before the procession was to have been formed. At an early hour in the morning of the 22d, immense crowds had assembled in the Place de la Madeleine, the Place de la Concorde, and the Champs Elysees. Here they swayed to and fro, hour after hour, motiveless, awaiting the progress of events. M. Guizot was then Minister of Foreign Affairs, and M. Duchatel Minister of the Interior. In the afternoon a large band of students swept through the streets singing the Marseillaise, and shouting "Long live Reform!" "Down with Guizot!" Agitation was rapidly on the increase. Quite a large body of regular troops was stationed at the junction of the Rue Rivoli and the Rue St. Honore. Towards evening the excited mob pelted the troops with stones, and commenced erecting barricades in the vicinity. There was, however, no other serious disturbance during the day.