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Marshal Niel on Wednesday made an extremely peaceful little speech.

M. Magnin proposed to suppress the six great military commands, which it is admitted are useless in time of peace. Marshal Niel, however, defended them, saying it was of no use to have his corps d'arincee completely ready unless each corps had its chief and its staff at its head, but that with these commands his organization was so perfect that the army could be in motion at five days' notice. Consequently, peace is certain, and, therefore, the Bourse declined per cent.

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