It is stated in a way that seems authoritative, that
the Monarchists of France, after grave consideration, have de- cided that they cannot acknowledge the Republic as a right- ful government. Anything like fusion between them and the Moderates is, therefore, impossible even for a time ; but as they desire good government, they are willing to support the
Moderates in passing any measures not inconsistent with the monarchical idea,—that is, we imagine, in practice, not directed against the Princes or the Church. Such an alliance, if steadily adhered to, would make a Ministry stable ; but the temptation to break away from it whenever Republicanism seems too successful will be strong. Still, a Ministry BO sup- ported will be safe for the present, and the test-vote on the Presidency of the Chamber will sharply divide off parties. It is publicly admitted that the first measures produced must be economic—one being a loan of 1.40,000,000 to extinguish the floating debt—and M. Leon Say is busily sounding the "now men," who, he thinks, are unusually moderate. If he can obtain much assistance among them, he will materially influence the Administration, and perhaps force on it the great reduction of expenditure for which the electors in all districts showed themselves so anxious.
