It is stated that serious difficulties have arisen in the
new French Cabinet. M. Leon Say adheres to his demand that there shall be no issue of Rentes, and as such an issue is neces- sary to go on with the network of subordinate Railways, he proposes that the great Companies shall go on with them, re- ceiving a concession of the right to work them for fifteen years. It is believed that this project, which is distasteful to M. de Freycinet, will be rejected by the Chamber, which, thOugh un- willing to buy the existing Railways at once, is more unwilling to put purchase out of its power for fifteen years. M. Leon Say has declared almost publicly through the Debals that he will not recede, and if he resigns, the Ministry will resign too. We presume some method of escape will be found, but the struggle excites keen interest in Paris, where, we perceive, the idea that the Chamber will give way is not entertained.
