The parliament pronounced the Constitution, and, thereby, also, its own reign, “outside of the pale of the majority”; by its decision, it repealed the Constitution, and continued the Presidential power, and it at once declared that neither could the one live nor the other die so long as itself existed. The feet of those who were to bury it stood at the door. While it was debating the subject of revision, Bonaparte removed General Baraguay d’Hilliers, who showed himself irresolute, from the command of the First Military Division, and appointed in his place General Magnan, the conqueror of Lyon; the hero of the December days, one of his own creatures, who already under Louis Philippe, on the occasion of the Boulogne expedition, had somewhat compromised himself in his favor.

By its decision on the revision, the party of Order proved that it knew neither how to rule nor how to obey; neither how to live nor how to die; neither how to bear with the republic nor how to overthrow it; neither how to maintain the Constitution nor how to throw it overboard; neither how to co-operate with the President nor how to break with him. From what quarter did it then, look to for the solution of all the existing perplexities? From the calendar, from the course of events. It ceased to assume the control of events. It, accordingly, invited events to don its authority and also the power to which in its struggle with the people, it had yielded one attribute after another until it finally stood powerless before the same. To the end that the Executive be able all the more freely to formulate his plan of campaign against it, strengthen his means of attack, choose his tools, fortify his positions, the party of Order decided, in the very midst of this critical moment, to step off the stage, and adjourn for three months, from August 10 to November 4.

Not only was the parliamentary party dissolved into its two great factions, not only was each of these dissolved within itself, but the party of Order, inside of the parliament, was at odds with the party of Order, outside of the parliament. The learned speakers and writers of the bourgeoisie, their tribunes and their press, in short, the ideologists of the bourgeoisie and the bourgeoisie itself, the representatives and the represented, stood estranged from, and no longer understood one another.

The Legitimists in the provinces, with their cramped horizon and their boundless enthusiasm, charged their parliamentary leaders Berryer and Falloux with desertion to the Bonapartist camp, and with apostacy from Henry V. Their lilymind [#1 An allusion to the lilies of the Bourbon coat-of-arms] believed in the fall of man, but not in diplomacy.

More fatal and completer, though different, was the breach between the commercial bourgeoisie and its politicians. It twitted them, not as the Legitimists did theirs, with having apostatized from their principle, but, on the contrary, with adhering to principles that had become useless.

I have already indicated that, since the entry of Fould in the Ministry, that portion of the commercial bourgeoisie that had enjoyed the lion’s share in Louis Philippe’s reign, to-wit, the aristocracy of finance, had become Bonapartist. Fould not only represented Bonaparte’s interests at the Bourse, he represented also the interests of the Bourse with Bonaparte. A passage from the London “Economist,” the European organ of the aristocracy of finance, described most strikingly the attitude of this class. In its issue of February 1, 1851, its Paris correspondent writes: “Now we have it stated from numerous quarters that France wishes above all things for repose. The President declares it in his message to the Legislative Assembly; it is echoed from the tribune; it is asserted in the journals; it is announced from the pulpit; it is demonstrated by the sensitiveness of the public funds at the least prospect of disturbance, and their firmness the instant it is made manifest that the Executive is far superior in wisdom and power to the factious ex-officials of all former governments.”

In its issue of November 29, 1851, the “Economist” declares editorially: “The President is now recognized as the guardian of order on every Stock Exchange of Europe.” Accordingly, the Aristocracy of Finance condemned the parliamentary strife of the party of Order with the Executive as a “disturbance of order,” and hailed every victory of the President over its reputed representatives as a “victory of order.” Under “aristocracy of finance” must not, however, be understood merely the large bond negotiators and speculators in government securities, of whom it may be readily understood that their interests and the interests of the Government coincide. The whole modern money trade, the whole banking industry, is most intimately interwoven with the public credit. Part of their business capital requires to be invested in interest-bearing government securities that are promptly convertible into money; their deposits, i. e., the capital placed at their disposal and by them distributed among merchants and industrial establishments, flow partly out of the dividends on government securities. The whole money market, together with the priests of this market, is part and parcel of this “aristocracy of finance” at every epoch when the stability of the government is to them synonymous with “Moses and his prophets.” This is so even before things have reached the present stage when every deluge threatens to carry away the old governments themselves.

But the industrial Bourgeoisie also, in its fanaticism for order, was annoyed at the quarrels of the Parliamentary party of Order with the Executive. Thiers, Anglas, Sainte Beuve, etc., received, after their vote of January 18, on the occasion of the discharge of Changarnier, public reprimands from their constituencies, located in the industrial districts, branding their coalition with the Mountain as an act of high treason to the cause of order. Although, true enough, the boastful, vexatious and petty intrigues, through which the struggle of the party of Order with the President manifested itself, deserved no better reception, yet notwithstanding, this bourgeois party, that expects of its representatives to allow the military power to pass without resistance out of the hands of their own Parliament into those of an adventurous Pretender, is not worth even the intrigues that were wasted in its behalf. It showed that the struggle for the maintenance of their public interests, of their class interests, of their political power only incommoded and displeased them, as a disturbance of their private business.

The bourgeois dignitaries of the provincial towns, the magistrates, commercial judges, etc., with hardly any exception, received Bonaparte everywhere on his excursions in the most servile manner, even when, as in Dijon, he attacked the National Assembly and especially the party of Order without reserve.

Business being brisk, as still at the beginning of 1851, the commercial bourgeoisie stormed against every Parliamentary strife, lest business be put out of temper. Business being dull, as from the end of February, 1851, on, the bourgeoisie accused the Parliamentary strifes as the cause of the stand-still, and clamored for quiet in order that business may revive. The debates on revision fell just in the bad times. Seeing the question now was the to be or not to be of the existing form of government, the bourgeoisie felt itself all the more justified in demanding of its Representatives that they put an end to this tormenting provisional status, and preserve the “status quo.” This was no contradiction. By putting an end to the provisional status, it understood its continuance, the indefinite putting off of the moment when a final decision had to be arrived at. The “status quo” could be preserved in only one of two ways: either by the prolongation of Bonaparte’s term of office or by his constitutional withdrawal and the election of Cavaignac. A part of the bourgeoisie preferred the latter solution, and knew no better advice to give their Representatives than to be silent, to avoid the burning point. If their Representatives did not speak, so argued they, Bonaparte would not act. They desired an ostrich Parliament that would hide its head, in order not to be seen. Another part of the bourgeoisie preferred that Bonaparte, being once in the Presidential chair, be left in the Presidential chair, in order that everything might continue to run in the old ruts. They felt indignant that their Parliament did not openly break the Constitution and resign without further ado. The General Councils of the Departments, these provisional representative bodies of the large bourgeoisie, who had adjourned during the vacation of the National Assembly since August 25, pronounced almost unanimously for revision, that is to say, against the Parliament and for Bonaparte.