19 OCTOBER 1867, Page 2

Prince Hohenlohe, the Bavarian Premier, opened the session with a

speech on foreign affairs, the substance of which is that Bavaria will join neither Austria, Prussia, nor France, but will wait very much as she is. We have analyzed the speech elsewhere, but may add here that a few days after the Baden Premier stated that his policy was to fit his State for com- plete union with the North, and that he was ready to concert with the other Southern States in order to attain that end. It appears that Count von Bismarck,—apparently to gain time,—objects to receive the South State by State,—wants it all to come in at once, or stay out for the present altogether. This policy greatly dis- appoints the Liberals, who prefer unity to all things, and will make the management of the Federal Parliament much more difficult.