4 DECEMBER 1869, Page 1

The Emperor says little on foreign policy, and that little

is not instructive. He says everybody is friendly, and we may be proud of our century ; for "America has suppressed slavery," Russia " has liberated her serfs," England "is doing justice to Ireland," the Mediterranean border " is calling to mind its ancient splendour," and from the assembled Bishops at Rome " we can only expect a work of wisdom and conciliation ;" America has built the Pacific railroad, everybody is laying telegraph cables, France and Italy "are about to clasp hands through the tunnel of the Alps," and France has fnaterially helped to cut the Suez Canal. If there is no bread, there are clearly plenty of stones, and the Emperor of the French is as clearly satisfied therewith. Material improvement is going on, and if any person, Radical or other, wants more, that is his fault, and he can't have it. The entire absence of any allusion to Germany in the foreign paragraphs of the Speech is very note- worthy. Germany has not, in the Imperial sense, " done " any- thing this year.