r • - be regulated by the eurnerie • • The prosperity . of the Imperial the emerte of the universe. _ are necessary to meet the expenees ti* Empire, suit of home-taxes, direct or indirect.• • England milliards, in order to pay her mimes; and her proper revenue could not furnish more than a third of it. We shall believe lila! England will be able to support this struggle as long as we can,, when she shall have passed several years without loans, without the funding of Exchequer Bills, and when her payments shall be in money, or at Lag in paper convertible at pleasure. Every reasonable man must be convinced that France mty remain ten years in her present state without experiencing - other embarrassments than those she has left for the last ten years, without augmenting her debt, and, in short meettog all her cx pences. England Must every year of war borrow ado millions, which, in ten years, will amount to eight milliards. How Is it to be. conceived that she can contrive to support an increase of taxes' to the amount of 400 millions, in order to meet the interest of her debt—she who cannot meet her current expences without Borrowing 800 millions a-year e The present financial system of England is baseless without a peace. All the systems of finance, founded upon loans, are in reality specific in their nature, because borrowing is calling in aid the resources of the future for the relief of present wants. Notwithstanding this, the existing Administration of England has proclaimed the principle of perpetual war; this is, as if the Chaneellor of the Exchequer announced that he should propose, in a few years, a Bankruptcy Bill. It is, in fact, mathematically demonstrable, that to provide for expenditure by annual loan of SOt) millions, is to deciare,'that In some years there will be no other re source but bankruptcy. This observation every day strikes intelligent men; every campaign it will be still more striking to the capitalists. . V.re are now in the fourth year of the war in Spain; but still, after some campaigns, Spain !hall be sobclued,:and the. English shall he driven out of It. What are a 1,..w years in ofder to consolidate the great enioire, and secure the tranquillity of our children ? It is not that the Government doca.not wish tor peace; but it cannot take place while the affairs of England are. directed by -men, who all their lives have prefess-o perpetual war; and without a guarantee, what would that peac.e be to France ? At the cloee.of two years English fleets would seize our ships, and would ruin our ports of Bourcleator, Nantes, Amsterdam. Marseilles, Genoa, Leghorn, Venice, Naples, Trieste, anti Handiurgh, as they ave done heretofore. Such a pt ace-would be only a trap laid for our commerce.; it would b e . useful to England alone, who would regain an opening for her commerce, and would change the Continental. System. The pledge of peace is in the exi s tence of our Beet and of our marl-. time power. We shall be able • I make peace with safety when we shall have 150 ships of the line ; and in spite of the obstacles of war, such is the state of. the empire that we shall have that nuniber of vessels ; thus theouarantee of our feet, and that of art English A dmloistra don fon toted et) principles different from those of the existing Cabinet, can alone skive peace to the universe..., It wined be usefttl to us, no doubt, but it would ako be de sirable in ofery point of-view :we shall say more, the Conti. sent--the whole world derremds it: but we have one•censola doe, which is, that it isatill more desirable for eur enemies than for ourselves; and whatever effort the English Ministry may make to stupify the nation, by a multitude of panophlets.and by every thing that, can keep in .action a population greedy of news, tkey cannot conceal from the.world bow much peace be... comes every-day More italispensahle to England, . The Report concludes with a burst - of exultation at the birth of the king of Rome. PARIS, Jul.,' 3.—On Sunday the F.mpero . r and King gave au dience at the Thuilleriesfo his Excadtency the Duke Del Campo D'Alange, Ambassador from the King of Spin, who-presetited his credentials. After this audience, the Emperor, seated on his throne, stir= rounded by the Princes, ISilinigers, Great Officers of bb House hold, Members of the :num.! and Council of State,- received s Deputation from the Legislativ e Body. The Count De Montesquiou, President of the Legislative Body, delivered the following Address : •' SIR a—Your faithful subjects, the Deputies of Departments in the Legislative Body, could not rcsunic their labours without.', presenting to your 'Majesty a new tribute of their fidelity. • 44 Great provinces united to the lienpiro—immense labours' ' undertaken for its prosperity and its gli)ry—all the arts employed In embellishing our towns, and offering toetre country tuaktnisvh • means of circtslation and abundance—such are the new. betstllts coleitrred by your Majesty upon the people, and the particular objects of our gratitude. We love to celebrate cone/pelts which facilitate the relditloas v1%1 , 4112441 tiatiens, and the MOTU of COina . - " What enemies of our repose can Iron* happyhart a Itentidn, Sire, can pretend to rid empire over the east the daughter of Heaven, site rejects all right; foreign to het. !ads. lime origin ; and satisfied with gieing•to obedience a more euti i gust character, she wishes only to be 41depp4444Qf our 'view : and crdr vrtaknesses.• 66 Spain, feigned with being instrumentalto the hatred of our._ enemies will abandon them to their vain eforts'--then-win terti minate ;his tinguinary contest,. 'end we have for the .pledge our ttlintiphs the itifallible ward of your Majesty. .) 6 6 Sire, one only sentiment prevails in this empire, and it. Is. your happiness that gives it birth. The august infant granted to our wishes, and already the tenderest object of youraffeetiont and of our hot:it:l,f th). all due hearts with the tenderness with which yours is penetrated. He appears the happy .fulfilment.of our destinies—the amiable connecting link of all the people of. the Empire- the first-born of a nation which you have filled with glory, and from whom he demands the most. paternal senti ments; may he grow up for your happiness and for ours-.to be the inheritor of your genius—the glory of the French nenie.the, living image of the virtues of• his mother—to enjoy the love of onr children, and to feel for them an, the tenderness which Wte... feel ft,r him in his cradle." , . . His Majesty answered. , • • 61 M R. PRESIDENT, AND Dialrn al 07 TR LEGISLATIVE BODY, • ' a lam well pleased in having you near me, under dreuPar stance!! so dear tb my heart. 66 All•the wishes which you form 'for the future are very agree able to me. My son will answer the expectation of France ; her will feel for your children the sentiments which, I feel for yealk Frenchmen will never forget that .their happiness and their hlory are attached to •the prosperity of that throne which I ave raised, consolidated, and aggrandized, with them, and for then : and I desire that this may be heard by all French men. lii whatever situation Providence and my will may. place them, the love of France is their first . duty.. I agree* your : sentiments." . . • • . His Majesty . afterwards received deputations from the.de• paitments of the. Bouches de l'Elbe, the lioucbes du .Weser ; and ,rEins:superietir. . • . • • The Prince t.f Schwartmbourg, Ambaseador , from the-Eltf.; 'Verne of Austria, proceeded in state to Ss. Cloud, on - Thursday s to uresiut to the King of i&vrne the Grand Insignia of the Order • of At. Etienne of Hungary. His Majesty was it) his tratile r encl the Prino presented the Order to the Governess.: • • - • . BA vest NE, Joxa 4 2:4 . —;:Yesterday the ging of Spat*: arrive 4 Ittthis city at three in the afternoon. All the honours due to the august brother of his . Majesty - the Emperor and Kin; were. paTd•to him. General tlie..COunt de Tillonfbion,"Cointnanding th; department, went to 'meet hut) upon the road, with a detach- . • ment of the Guard Hopoor on horseback, and.; of, the Gen- The civil and militry authorities repaired to the Igates of the . city, Where M. l .um, sub-prefect, lad the ItrinOur tOtistneirtient his Catholic IVlajesty. • . . Xing replied as follows • "' *that* you, M. Sub-prefeCt; for the sentins‘nts mimes expresied to me: ' Alnong the reasons whielipielte Me desirous ci the epeedy • re-establislitnent of order in Spain, that of .seeing renewed the." amicable relattoni and commerce of the'perrinsults with Yrante...; is not the least important, andparticularly with the proviriCe•Or.., .71,1001, which has given co ruatiy proofs of attachineut -td -.)r,and Which has eitus-a4ureit. partfeuhir yfir. Eisr glut tude. - - 'go 4%* Cries o 4 " . Live the Emperor " Live the Xing of. 4 i, . were heard on all sides. His Majesty way greeted at histutraoce by nhite.s of artillert from thick44o, theships of war In the port, and the gunalij the, fortress. He passed through the - city between a double' nut of tropps, , w!lit . .l) ejttendedlo the - imperial castle of Marrac.,,Whete his Westy aliglitid. An immense Iriultittide filled the win.. , . dowp,and crowded the-streets during his passage.. - s.4 . .ViPic•Sty R1:4( 1 451Y . 4Ctgl*Ltai, iservlce of the Horse and Ftlilt Guard-of Honour, &trine* short sta ff which be must' waken 1V4rmit........ • •• '' • • - This day -his Catholic Majeity reeelvid4e ecclesiastical, • aril, and ipilitary..authuritier: he.:tphf4 to cle.jisf them with that , t ; 'Lliielness and affability which chiratteriSe-hrerf. VIEN TT*, Julia 22.—P0 the•itth We were informed of death of the old King of Sardinia. .„ Tits coon of . recrobute bas.*4llle4. to .0.114 woe.- TIAE-Nk'rik)NAL itt-cti4.l74u. ••••••• Mr.....M0N./111.•••••• More thin . slitynalikiii Or eau- inerce tiliPOpUlatiOnatSe the fertile Tessurcow • all exehatige and Of all prod pee. .. trial. Treasury is not . founded on ""ln the midst of thereat eitertitizot, order and' atninorgiest.: Mose than 900 millions, which prevail in the public : treasury; kis enlightened wisdom fiidies.- nese of the Empire, are the re- , every mistake, and deriveifronl the most.fyitolpus of our.wpats ['direct. • England must have two 'unknoveii riches. A• ID P. .