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nsent to peace on the terms I have proposed to him. The question is no longer the recovery of the conquests we have made." It was necessary to be in a position to thoroughly know the character of the Emperor to understand how much it must have cost him to utter these last words; but from a knowledge of his character also resulted the certainty that it would have cost him less to do what he promised than to say them. It would seem that this was well understood in Paris; for the day on which the 'Moniteur' published the reply of his Majesty to the senate, stocks increased in value more than two francs, which the Emperor did not fail to remark with much satisfaction; for as is well known, the rise and decline of stocks was with him the real thermometer of public opinion. In regard to the conduct of the Corps Legislatif, I heard it condemned by a man of real merit deeply imbued with republican principles. He uttered one day in my presence these words which struck me: "The Corps Legislatif did then what it should have done at all times, except under these circumstances." From the language used by the spokesman of the commission, it is only too evident that the speaker believed in the false promises of the declaration of Frankfort. According to him, or rather according to the commission of which he was after all only the organ, the intention of the foreigners was not to humiliate France; they only wished to keep us within our proper limits, and annul the effects of an ambitious activity which had been so fatal for twenty years to all the nations of Europe. "The propositions of the confederated powers," said the commission, "seem to us honorable for the nation, since they prove that foreigners both fear and respect us." Finally the speaker, continuing his reading, having reached a passage in which allusion was made to the Empire of the Lily, added in set phrase that the Rhine, the Alps, the Pyrenees, and the two seas inclosed a vast territory, several provinces of which had not belonged to ancient France, and that nevertheless the crown royal of France shone brilliantly with glory and majesty among all other diadems. At these words the Duke of Massa interrupted the speaker, exclaiming, "What you say is unconstitutional;" to which the speaker vehemently replied, "I see nothing unconstitutional here except your presence," and continued to read his report. The Emperor was each day informed of what took place in the sitting
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