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(From the Times.)

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(From the Times.) The Paris papers of Saturday have reached us by express. They continue to be occupied almost ex- clusively with the affairs of the east, the treaty of the 15th of July, and the probabilities which they pre- tended to perceive of a general war; but the tone of the greater number of them has become much modi- fied. The very distinguished reception" which the letters from London of Thursday stated had been accorded to M. GUIZOT at Windsor had also, at the commencement of business on the Bourse, a favor- able effect; but it will be seen that towards the con- clusion of business a reaction took place, and prices fell below those of the preceding day. Our private letters stated that the departure of Prince METTERNICH from Koenigswirth for Dresden before the arrival of Count ST. AULAIRE had occasioned some apprehension that it was with the intention to avoid the interview the latter sought with him but that that circumstance was accounted for by the pressing invitation of the King of PRUSSIA to the Prince to meet him at Dres- den, and that the Prince left that city on the 15th, for Koenigswirth, where he would meet not only Count ST. AULAIRE but also Lord BEAUVALE and Prince ALTIERI. The German papers state that before the departure of Prince METTERNICH for Dresden the Prussian Ge- nerals GROLLMANN and DUMOULIN, the Ambassador LIEBERMANN, the Saxon Minister, Count DENOSTITZ, Countess NESSELRODE, and Count CHOTEK, visited him at the castle of Koenigswirth. In the mean while preparations for war are stated by the French journals to be pushed with activity. The Constitutionnel, in adverting to the possibility that France might be engaged in hostilities, states that she has at her disposal a million of soldiers- that is, in addition to the standing army of 350,000 men, "a reserve of 700,000 men who had served since 1830, and who are still susceptible of being called into service." A Lyons paper states, that 400 seamen (from the Merchant service) had been or- dered to join the Royal navy (at Toulon). The provincial journals, particularly those on the north eastern frontier of France, had caught the tone of their Paris brethren, and were preaching war in the most inflammatory language. Among other very sage cautions they give the people is one which unfortunately the Government would not counte- nance_namely, that instead of vesting their money in the savings banks, they purchase muskets with it. The Administration of the Marine in Bordeaux had ordered the enlistment of a number of anchor- smiths now wanted in the harbour of Rochefort. In Havre, a number of operatives of every description, required by the navy department, were to have em- barked for Brest on Saturday. On the whole, we nevertheless repeat, appearances were on Saturday deemed more favorable for the continuance of peace than on any day of the last week. We have a long communication on the subject of Louis NAPOLEON, but for which we have not room to-day. The Government was using all possible exertions to bring him to trial in the course of the month of October. The Courrier Francaise publishes a letter from M. CROUY CHANELEL, contradicting the assertion that he had received 250,000f. from Louis BONAPARTE, but in such an indefinite manner, that the journalist asserts that it amounts to an admission that his hands are not perfectly clean. The Temps announces, that la Belle Poule and la Favorite arrived at Madeira on the 24th ult., and left for St. Helena on the 26th. The Duke of ORLEANS had returned to Paris from the Chateau d'Eu. The Paris corn-market declined considerably on Friday, in consequence of the favourable reports of the harvest received from the provinces.

LOUIS PHILIPPE AND ROMEO COATES.…

(From the John Bull.)