20 JANUARY 1872, Page 2

We have commented elsewhere on M. Thiers' latest speech, in

which he pronounces the Treaty with England deplorable and fatal ; but must here note that he has uttered two or three speeches since not reported, that every economist in the Assembly is against him, that fifty-five Chambers of Commerce have pro- tested against his tax on raw materials, that it has been necessary to increase the garrisons of Marseilles, Lyons, and St. Etienne, and that, according to the latest telegram on Friday, he has threatened resignation if his tax is not carried. It is believed to be nearly certain that he will carry it, though only by a small majority, the Assembly considering that it can be repealed again, while M. Tillers cannot just yet be replaced.