7 FEBRUARY 1874, Page 3

The only news of importance from France this week is

that Marshal Macalahon has announced that he considers the Septen- nat or Seven-Years term a definite and established Government. He told the Tribunal of Commerce to rest assured that, as he had been appointed for seven years, so for seven years he should cause the vote of the Assembly to be respected. This declaration, it is said, will alienate the Extreme Right, as it certainly will annoy the Comte de Chambord, but we do not see that it makes any serious difference. Every ruler in France is perpetual, until France tires of him, and then he goes his ways, usually, of late, with his head. One defeat in the field, and where would the Marshalate be ? If Marshal MacMahon will accept any Assembly sent up, and reign like a King, he may last out even a second term, but if not, he is no stronger than any other ruler of France has. been.