.Paris, Thursday Evening.
It is not likely that the French Recites will touch the high priors which prevailed before the 1st of last January since that day 500 millions have been added to the permanent loan, and the Bank of } ranee has to issue this year 300 millions in Railroad Bonds under a Govern-
ment guarantee ; the present price of these bands is equivalent to Recites at 58 ; no wonder then that capitalists prefer the former. At the present moment, also, there is no business of any kind ; July is too hot for serious work; and the public are too uneasy to launch forth into specu- lations. Men who have the reputation of being well-informed frighten their less privileged friends by speaking confidently of a campaign on the Rhine; and the entourage of the Emperor is not sparing in its abase of England. It appears certain that the English Government is determined to have nothing to do with the peace arrangements, but wishes a fair trial to be given to the plans of the French Emperor: This latter per- sonage has recalled the different emissaries he had sent forth over the world to foster revolution ; and the two Emperors have agreed that their troops shall not be used to thwart the wishes of the Tuscans, Modenese, and Parmesans.
As a proof of the reception Napoleon expected to receive in Turin, ,I may mention that two French regiments were previously pushed forward to prevent unpleasant incidents. The speech to the Legislative Bodies is looked on here as the most candid confession of a great error ever made by Imperial mouth ; it is regretted that no hopes are held out that the error will not be r.tpeated in another quarter.
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