"England has retained almost all the conquests which she has made in the colonies of three quarters of the globe during the War of the Revolution; in Europe she has gained Malta and the Ionian Islands; even her Electorate of Hanover she has inflated into a kingdom and enlarged by a few baronies. "Austria has increased her possessions by a third of Poland, some parings of Bavaria and a part of Dalmatia and Italy. She no longer, it is true, has the Low Countries; but that province has not devolved upon France, and it has become a formidable auxiliary of England and Prussia as against ourselves. "Prussia has enlarged herself by the Duchy or Palatinate of Posen, a fragment of Saxony and the chief circles of the Rhine; her advance-post is on our own territory, at ten days' march from our capital. "Russia has recovered Finland and settled down on the banks of the Vistula. "And what have we gained in all these partitions? We have been despoiled of our colonies; not even our old soil has been respected: Landau detached from France, Hüningen demolished leave a breach of more than fifty leagues in our frontiers; the little State of Sardinia has not blushed to clothe herself in a few shreds stolen from the Empire of Napoleon and the Kingdom of Louis the Great. "In this position, what interest have we to safeguard Austria and England against the victories of Russia? If the latter were to extend towards the East and alarm the Cabinet of Vienna, should we be in any danger? Have we received so much consideration that we should be so sensible to the anxieties of our enemies? England and Austria have always been and will always be France's natural adversaries; we should see them cheerfully join forces with Russia to-morrow, if it were a question of fighting us and plundering us. "Let us not forget that, while we should be taking up arms for the so-called safety of Europe, imperilled by the supposed ambition of Nicholas, it would probably happen that Austria, less chivalrous and more rapacious than we, would listen to the proposals of the Cabinet of St. Petersburg; an abrupt and sudden change of policy costs her little. With the consent of Russia, she would seize Bosnia and Servia, leaving to us the satisfaction of exerting ourselves for Mahmud. "France is already in a state of semi-hostility with the Turks; she alone has already spent many millions and endangered twenty thousand soldiers in the cause of Greece. England would lose only a few words by betraying the principles of the Treaty of the 6th of July; France would lose honour, men and money. Our expedition would no longer be other than a real political miscarriage. [Sidenote: Memorandum.]