27 MAY 1865, Page 1

The Prince Napoleon has made a great speech at Ajaccio

in Corsica on the career of the First Emperor, and on the American situation, on occasion of inaugurating a statue to Napoleon I. He regarded it as the mission of the great Emperor to " achieve emancipation through the dictatorship,"— a view of the matter odd enough to be a little better grounded on fact, if there were only any ground for it to be found. The Prince proposes that France should go on in the good work of "populations emancipated,—nationalities recognized," but with (we are happy to hear) a slight alteration of method—by operating through a grand public opinion instead of through grand armies. The interesting part of the Prince's speech was, however, the emphatic panegyric on the policy of the First Napoleon in ceding Louisiana in order to avoid misunderstandings with the United States, and the carefully-prepared praise of the Monroe doctrine— which he interprets, probably for iorm's sake, as meaning " that the Governments of Europe muss hold no possessions in North America "—as indirectly sanctioned by Napoleonic policy. Taken in connection with the equally emphatic denunciation of the slaveowners' rebellion " against a Constitution the most Liberal and the most respected Power of any in the world," this speech is supposed to imply the Prince's condemnation of his cottsitt's Mexican policy. It is, however, only the old safety-valve policy over again. The present Emperor has more than once at an opportune moment wisely permitted his cousin to pay a tribute to views which he did not share, but did desire to conciliate.