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The Emperor of the French has made his speech at

Orleans,. —and said nothing. He told the Mayor that the progress of his city " might be developed with confidence in the midst of the general tranquillity of Europe,"—but that was all ; and even the Bourse fails to find much in that which is reassuring. The point of the speech, in fact, is its omission. 1Vith a loan to raise, and commerce stagnant, and industry depressed, and some forty-eight millions sterling in the Bank of France seeking occupation, the Emperor did not attempt to remove the apprehensions under which, as he knows, all France is suffering. As he by no means wants her to suffer, it follows of necessity that he deems peace very insecure.

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