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Rh July, had voted against war. Jules Favre especially was one of the very few men, almost the only public man in France, who had consistently condemned, not only this, but all wars of ambition, even that of 1859. While the Liberals, by their sarcasms and declamations, were goading the Emperor to grasp the Rhine, Favre had risked his popularity by resisting them. He seized, with great effect, the advantage which belonged to his position. In a circular, written with a rare eloquence, dignity, and grace, and impressive from the honourable consistency of the writer, he proclaimed the guilt of France, and the justice of the ordeal which had crowned the Germans with the glory of stupendous victories. He was ready to sue for peace, and to pay as indemnity all the money that could be raised in France. The funds, which had fallen seven per cent, immediately rose more than two per cent. And yet this grand State paper has cost more lives than the wrath of Achilles, for it contained the memorable words — "We mean to surrender not one stone of our fortresses, not one inch of our soil."

M. Favre immediately requested England to intervene in favour of peace, and by the mediation of our Government, Favre and Bismarck met on the day when the investment of Paris was completed. Count Bismarck had made known before the end of August the terms he meant to offer to the defeated Empire. He wanted no territory, but he would take the fortresses of Strasburg and Metz, as a sort of twin Gibraltar for the protection of Germany. In the middle of September, after the ruin of the Empire, and when he was preparing for his interview with Favre, he raised his terms, and claimed the whole of Alsace and part of Lorraine, or a strip of territory about thirty miles in width along the whole line that separates France and Germany. These were the same terms to which the French submitted four months later. The Germans could scarcely bring themselves to treat with the Government of National Defence. They distrusted it, both for its revolutionary origin and for its democratic character. Monarchy, as understood in Germany, is not,