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 Epacuotaon of .7lgiers.--Late arrivals from France bring accounts of an intense- ly interesting debate, now going on in the Chamber of Deputies, upon the subject of the reIinquishmen. of Alsiers and the con- quests made by the French on the coast of Africa.

 The reasons advanced by those in favor of the relinquishment are, that t has beer. a losing concern to the French nation.-- The Enormous revenue, which it was SUD- posed would be gathered into the national colfers, has turned out to be humbug. The expense of keeping up standing army for the purspose of preserving her conquest, more than quadruples the actual revenue. 1t was hoped that the conquest of this barbarian State by civilized nation, would be the opening of door through which a flood of light might stream upon the mid- night in which Afnca has been shrouded for ages. Philanthropy cannot long sus- tain a contest with interest, and if the Frenchman finds that like Paddy, he has "gainsd q loss," Africa may rot in her ig- noranoe and moral Restitution ere he will spend sous to redeem her.

 oI.L.. TJ