At last came the celebrated Ajaccio speech. The Emperor had gone to visit Algeria; the Prince went to deliver an oration at the inauguration of a monument to Napoleon I., at Ajaccio. The speech was, in brief, a powerful, passionate denunciation of Austria, and the principles which Austria represented before Sadowa taught her a lesson of tardy wisdom. Viewed as the exposition of a professor of history, one might fairly acknowledge the Prince's speech to have illustrated eloquently some solid and stern truths, which Europe would have done well even then to consider deeply. Subsequent events have justified and illuminated many of what then seemed the most startling utterances of the orator. Austria, for example, practically admits, by her present policy, the justice of much that Prince Napoleon pleaded against her. But as the speech of the Emperor's cousin; of one who stood in near order of succession to the throne; of one who had only just been raised to an office in the State so high that in the absence of the sovereign it made him seem the sovereign's proper representative, it was undoubtedly a piece of marvellous indiscretion. Europe stood amazed at its outspoken audacity. The Emperor could not overlook it; and he publicly repudiated it. Prince Napoleon resigned his public offices--including that of President of the Commissioners of the International Exhibition, which undertaking suffered sadly from lack of his organizing capacity and his admirable taste and judgment--and the Imperial orator of Democracy disappeared from the public stage as suddenly, and amid as much tumult, as he had entered upon it. Prince Napoleon has, indeed, been taken into favor since by his Imperial cousin, and has been sent on one or two missions, more or less important or mysterious; but he has never, from the date of the Ajaccio speech up to the present moment, played any important part as a public man. He is not, however, "played out." His energy, his ambition, his ability, will assuredly bring him prominently before the public again. Let us, meanwhile, endeavor to set before the readers of THE GALAXY a fair and true picture of the man, free alike from the exaggerated proportions which wondering _quid nuncs_ or parasites attribute to him, and from the distortions of unfriendly painters. Exaggeration of both kinds apart, Prince Napoleon is really one of the most remarkable figures on the present stage of French history. He is, at least, a man of great possibilities. Let us try to ascertain fairly what he is, and what are his chances for the future.