The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-09-26
State OF Europe.

State OF Europe.
Our readers will find in to-day's paper large
mass OF foreign intelligence, received at this office
by the steamship Acadia, and portion OF our ex-
tensive correspondence from all parts OF Europe;
the remainder of which we shall publish, from day
TO dav in lnstalments, until the whole shall nave
been laid before them.
The European continent is in any but a settled
condition. Indications are apparent OF a series OF
struggles, eruptons and commissions occurring,
before that quarter of the world will be as pacific
or composed as it was before the breaking out OF
the French revolution. A general war is by no
means improbable. Although by some 1t is sup
posed that the acceptance, by Austria, ofthe med-
alton of France and England, in the Italian diff
Guilty, will set that matter at rest 1t Is supposed,
on the other hand, that this mediation was not
agreed to in good faith but merely for the purpose
of delay, IN order to recruit and gather renewed
energy for striking decisive blow, which will
crush the Italian cause, and etter that beautiful
country for perhaps half centary If the latter
superstition Is correct, much trouble is brewing,
and it is justified, to certain extent by the INTEL
lgence which we have received of the landing of
four thousand French troops in Venice. This GER
tainly looks as If France had % confidence IN
the willingness of Austria to submit the Italian
question to mediation, and intmates determine
ton to interfere by force between the twopowers.
II this be the upshot of matter, then the danger
Of great war rs imminent Byte next steamer,
we shall probably get soution-A the difficulty
England approves of this armed Intervention, but
her doing so does not amount to much, one way
VI tilc other. She cannot, very well, oppose the
republic in anything, at least at present; bat if
the domestic difficulties in France, OF which we
have some inking by the steamship, end as ii was
feared they would-that is, in the detection Of the
National Guards, the great bulwark of the new
republic-and there be reasonable probability of
anarchy succeeding, to the accomplishment of
which England has no doubt cxerted herself IN
secret and underhand manner, she will not then
be found so ready TO join France in her movements
The difficulty we refer to is certainly one of mo-
ment, according to present indications, and we
shall look with much anxiety for the result.
The Schleswig Hostein question has assumed
again warlike shape. The armIstce of seven
months has been disagreed to, and the probability
is, that hostlities will again break out
Almost every other part of Europe Is in commo.
ton in fact, the whole continent resembles
boiling cauldron and changes that will affect its
destiny, perhaps for all time to come, are in
embryo.
The commercial accounts from Europe, by the
steamer Acadia at Boston, although but one week
later than those received by the Europa at this
port are much more favorable, and, on the whole,
exceedingly satisfactory. The fine weather re-
ported i'll all parts Of the United Kingdom, produce
ed wonderful effect in the corn market, and prices
fell of full much as they had advanced during
the speculative movement, caused by the wet
weather of the latter part of August. From the
manufacturing districts we continue to receive
more favorable accounts, and If the harvests are
safely secured and the yield proves fair average,
may look for healthy and decided improve
ment in that branch of industry.
In financial affairs no change Of any importance
had taken place. Consols fuctuated fraction,
from day to day, political intelligence from the
continent came to hand, but the closing priccsrang-
ed little below those current in the early part of
the week No alteration had been made in the rate
of interest by the management of the bank, and
although the demand for money was more active,
II was not supposed any advance would be de-
clared.
For reasons, which had not at the departure OF
the steamer transpired, the Bank OF France had
omitted its usual weekly report. According to
The last returns, there had been steady increase
in the amount OF bullion on hand, and general
improve ylent IN all the other leading departments
and we cannot believe that the omission of the
change IN the affairs of the bank. II may be that
the necessity for weekly exhibits having passed
away, they will not longer be made.