home; indeed, never were the wings of trade more unshackled. . . . What is this unfavorable result to be ascribed to? We believe to excessive trade in imports as well as exports. If our merchants do not themselves rein in their activity, nothing can keep us going, except a panic every three
Imagine now the French bourgeois, in the midst of this business panic, having his trade-sick brain tortured, buzzed at and deafened with rumors of a “coup d’etat” and the restoration of universal suffrage; with the struggle between the Legislature and the Executive; with the Fronde warfare between Orleanists and Legitimists; with communistic conspiracies in southern France; with alleged Jacqueries [#2 Peasant revolts] in the Departments of Nievre and Cher; with the advertisements of the several candidates for President; with “social solutions” huckstered about by the journals; with the threats of the republicans to uphold, arms in hand, the Constitution and universal suffrage; with the gospels, according to the emigrant heroes “in partibus,” who announced the destruction of the world for May 2,—imagine that, and one can understand how the bourgeois, in this unspeakable and noisy confusion of fusion, revision, prorogation, constitution, conspiracy, coalition, emigration, usurpation and revolution, blurts out at his parliamentary republic: “Rather an End With Fright, Than a Fright Without End.”
Bonaparte understood this cry. His perspicacity was sharpened by the growing anxiety of the creditors’ class, who, with every sunset, that brought nearer the day of payment, the 2d of May, 1852, saw in the motion of the stars a protest against their earthly drafts. They had become regular astrologers The National Assembly had cut off Bonaparte’s hope of a constitutional prolongation of his term; the candidature of the Prince of Joinville tolerated no further vacillation.
If ever an event cast its shadow before it long before its occurrence, it was Bonaparte’s “coup d’etat.” Already on January 29, 1849, barely a month