14 AUGUST 1847, Page 2

The long French session has beeen formally closed, and the

poli- ticians of Paris look back to see what it has produced. Nothing- • nothing but what is negative and disastrous. Imprimis, it has produced a loan of 350,000,000 francs. The necessity for such a measure was foreseen; an annual deficit, and the continued drain in Algeria, could have no other termination. What the loan sig- nifies therefore is, that the French Government is by this time so • hard pressed as to be obliged to confess its difficulties, in spite of the reluctance to make so inconvenient a disclosure. The first result of the session is confession of a bankrupt exchequer, and of a bankrupt financial policy. The next result is the confession that the self-seeking policy of France abroad—in Greece, Spain, - and other countries—has produced no real advantage. Thirdly - and most notably, the result of the session is a series of disclo- sures, uncontradicted, exposing the most frightful corruption among official men, in the capital, the provinces, and the great African colony. Such are the products of the session—a loan, frustrated diplomacy, and detected corruption.