The narrative commences with the return of Napoleon to Paris after his renown, his throne, and his dynasty were alike crushed by the British charge at Waterloo. He reached Paris at six in the morning of the 21st. It is now clear that the greatest blunder of this extraordinary man was his flight from the army. If he had remained at its head, let its shattered condition be what it might, he would have been powerful, have awed the growing hostility of the capital, and have probably been able to make peace alike for himself and his nation. But by hurrying to Paris, all was lost: he stripped himself of his strength; he threw himself on the mercy of his enemies; and palpably capitulated to the men who, but the day before, were trembling under the fear of his vengeance.

Nobleness of heart is essential to all true renown; and perhaps it is not less essential to all real security. Napoleon, with talents which it is perfectly childish to question, though the attempt has been made since the close of his brilliant career, wanted this nobleness of heart, and through its want ultimately perished. Of the bravery of him who fought the splendid campaigns of Italy, and of the political sagacity of him who raised himself from being a subaltern of artillery to a sovereign of sovereigns, there can be no doubt. But his selfishness was so excessive that it occasionally made both contemptible, and gave his conduct alike the appearance of cowardice, and the appearance of infatuation. His flight from Egypt, leaving his army to be massacred or captured, disgraced him in the face of Europe. His flight from Russia, leaving the remnant of his legions to be destroyed, was a new scandal; but hitherto no evil had been produced by this gross regard of self. The penalty, however, must be paid. His flight from the army in Belgian, leaving it without counsel or direction, to be crushed by a victorious enemy, was the third instance of that ignoble preference of his own objects which had characterised and stained his Egyptian and Russian career. But retribution was now come, and he was to be undone. The slaughter of Waterloo had been tremendous, but it was not final. The loss of the French army had been computed at forty thousand men, killed, wounded, and dispersed. He had come into the field with seventy-two thousand men, independent of Grouchy. He had thus thirty thousand remaining. Grouchy's force of thirty thousand was still untouched, and was able to make its way to Paris. In addition to these sixty thousand, strong garrisons had been left in all the fortresses, which he might without difficulty have gathered upon his retreat. The Parisian national guard would have augmented this force, probably, on the whole, to one hundred thousand men. It is true that the allied Russian and Austrian forces were on the frontier. But they had not yet moved, and could not prevent the march of those reinforcements. Thus, without reckoning the provincial militia of France, or calculating on a levée en masse, Napoleon within a fortnight might have been at the head of one hundred and fifty thousand men, while the pursuing army could not have mustered half the number. He would thus have had time for negotiation; and time with him was every thing. Or let the event be what it might, the common sense of the Allies would have led them to avoid a direct collision with so powerful a force fighting on its own ground under the walls of the capital, and knowing that the only alternatives were complete triumph or total ruin.

Count Montholon makes a remark on the facility with which courtiers make their escape from a falling throne, which has been so often exemplified in history. But it was never more strikingly exemplified than in the double overthrow of Napoleon. "At Fontainbleau, in 1814," says the Count, "when I hastened to offer to carry him off with the troops under my command, I found no one in those vast corridors, formerly too small for the crowd of courtiers, except the Duke of Bassano and two aides-de-camp." His whole court, down to his Mameluke and valet, had run off to Paris, to look for pay and place under the Bourbons. In a similar case in the next year, at the Elysée Bourbon, he found but two counts and an equerry. It was perfectly plain to all the world but Napoleon himself that his fate was decided.

There certainly seems to have been something in his conduct at this period that can scarcely be accounted for but by infatuation. His first act, the desertion of his army, was degrading to his honour, but his conduct on his arrival was not less degrading to his sagacity. Even his brother Lucien said that he was blinded with the smoke of Waterloo. He seems to have utterly lost that distinct view and fierce decision which formerly characterised all his conduct. It was no more the cannon-shot or the thunder-clap, it was the wavering of a mind suddenly perplexed by the difficulties which he would once have solved by a sentence and overwhelmed by resistance—which he would have once swept away like a swarm of flies. The leader of armies was crushed by a conspiracy of clerks, and the sovereign of the Continent was sent to the dungeon by cabal of his own slaves.

While Napoleon was thus lingering in the Elysée Bourbon, the two chambers of the Legislature were busily employed between terror and intrigue. The time was delicate, for the Bourbons and the Allies were approaching. But, on the other hand, the fortunes of Napoleon might change; tardiness in recognising the Bourbons might be fatal to their hopes of place, but the precipitancy of abandoning Napoleon might bring their heads under the knife of the guillotine. All public life is experimental, and there never was a time when the experiment was of a more tremulous description.

At length they began to act; and the first precaution of the Chamber of Deputies was to secure their own existence. Old Lafayette moved a resolution, that the man should be regarded as a traitor to the country who made any attempt to dissolve the Chamber. This was an obvious declaration against the authority of the Empire. The next motion was, that General Beker should be appointed commandant of the guard ordered to protect the Legislature. This was a provision against the mob of Paris. The Legislature was now safe on its two prominent perils. In the mean time, Napoleon had made another capital blunder. He had held a council of the ministers, to which he proposed the question, whether he should proceed in person to the Chamber of Deputies, and demand supplies, or send his brothers and ministers to make the communication. Three of the ministers approved of his going in person, but the majority disapproved of it—on the plea of its being a dangerous experiment, in the excited state of the public passions. If Napoleon had declined this counsel, which arose from either pusillanimity or perfidy, it is perfectly possible that he might have silenced all opposition. The known attachment of the troops, the superstition connected with his fortunes, the presence of the man whom they all so lately worshipped, as the Indians worship the serpent for the poison of its fang, might have produced a complete revulsion. Napoleon, too, was singularly eloquent—his language had a romantic splendour which captivates the artificial taste of the nation; and with an imperial figure before them, surrounded with more powerful incidents than the drama could ever offer, and threatening a fifth act which might involve the fate of France and Europe, the day might have finished by a new burst of national enthusiasm, and the restoration of Napoleon to the throne, with all his enemies in the Legislature chained to its footstool.

But he sent his brother Joseph to the Chamber of Peers, and received the answer to his mission next morning, in a proposal which was equivalent to a demand for his abdication.

A council of ministers was again held on this proposal. The same three who had voted for his presence in the Chamber, now voted for his rejection of the proposal. The majority, however, were against them. Napoleon yielded to the majority. He had lost his opportunity—and in politics opportunity is every thing. He had now nothing more to lose. He drew up an acknowledgment of his abdication; but appended to it the condition of proclaiming his son, Napoleon Second, emperor of the French. This was an artifice, but it was unworthy even of the art of Napoleon. He must have been conscious that the Allies would have regarded this appointment as a trick to ensure his own restoration. His son was yet a child; a regent must have been appointed; Napoleon would have naturally been that regent; and in six months, or on the first retreat of the Allies, he would as naturally have reappointed himself emperor. The trick was too shallow for his sagacity, and it was impossible to hope that it could have been suffered by the Allies. Yet it passed the Chamber, and Napoleon Second was acknowledged within the walls. But the acknowledgment was laughed at without them; the Allies did not condescend to notice it; and the Allies proceeded to their work of restoration as if he had never existed. In fact, the dynasty was at an end; a provisional government was appointed, with Fouché at its head, and the name of Napoleon was pronounced no more.

Count Montholon gives a brief but striking description of the confusion, dismay, and despair, into which Waterloo had thrown the Bonapartists. He had hurried to the Elysée a few hours after the arrival of Bonaparte from the field. He met the Duke of Vicenza coming out, with a countenance of dejection, and asked him what was going on. "All is lost," was the answer. "You arrived to-day, as you did at Fontainbleau, only to see the emperor resign his crown. The leaders of the Chambers desire his abdication. They will have it; and in a week Louis XVIII. will be in Paris. At night on the 19th, a short note in pencil was left with my Swiss, announcing the destruction of the army. The same notice was given to Carnot. The last telegraphic dispatch had brought news of victory; we both hastened to the Duke of Otranto; he assured us with all his cadaverous coldness that he knew nothing. He knew all, however, I am well assured. Events succeeded each other with the rapidity of lightning; there is no longer any possible illusion. All is lost, and the Bourbons will be here in a week."

The Count remained forty-eight hours at the palace. The fallen Emperor had now made up his mind to go to America, and the Count promised to accompany him. A couple of regiments, formed of the workmen of the Faubourg St Germain, marching by the palace, now demanded that Napoleon should put himself at their head, and take vengeance on his enemies. But he well knew the figure which the volunteers of the mob would make in front of the bayonets which had crushed his guard at Waterloo, and he declined the honour of this new command. A few courtiers, who adhered to him still, continued to talk of his putting himself at the head of the national force. But Waterloo had effectually cured him of the passion for soldiership, and he constantly appealed to his unwillingness to shed the blood of Frenchmen. It was at least evident that he intended to tempt the field no more, but after being the cause of shedding the blood of two millions of the people, his reserve was romantic.