The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-05-28

BY the arrival of the steamer Hibernia, we are
enabled to place before our readers some extreme
ly important and interesting intelligence from
France Italy, Austria, and other parts of Europe.
From all points, the news is important. AS re-
CARDS the establishment of republic in France,
there is everything to be hoped, and nothing to be
feared. The provisional government have sur
rendered their power into the hands of the Nation
al Assembly, the direct representatives of the
people, who have elected an executive committee
of government, consisting of five persons, viz:
Arago, GARNER Pages, Marie, Lamartne and
Ledru Ron, who, in their turn, have appointed a
ministry to superntend the several bureaux of the
government. Thus far, at all events, every thing
has gone on well. safe and quiet transfer
of the power temporarily vested In the members
of the late provisional government, by the
circumstances growing out of the overthrow
of the government of Louis Philippe, has
been made to an executive committee, appoint
ed by the delegates of the people, The National
Assembly have now before them the duty of form
ing a constitution suited to the wishes and wants
of the people, and capable of making France what
her people have long desired her to be-a republic
in the most liberal sense of the term. That such
constitution will be formed, and that it will be
found to be adequate to the wants of that country,
we have every reason to believe. There is every
thing, thus far to encourage such hope; and 1t
is highly probable that the result will prove that
the men who have been drawn to the surface of the
political waters, by the upheaving Of the revolu-
ton, will be found competent to guide the ship of
State and steer her clear Of all shoals and quick
sands, hidden or unhidden, that may be in her
course.
BY the latest news from France we are informed
that an order, emanating from Paris, had been re-
ceived at Bolougne, directing the French coast to
be placed in an attitude of defence. From this cir
cumstance alone independent of the efervescent
state in which the whole of Europe was at the last
accounts, there is room for believing that the new
government of France apprehends coming in con-
fict with some of their neighbors. This may or
may not have been the cause of the order but it
evident that the best policy which France can
maintain at the present time, is to assume posi-
ton of strength, stand that would deter agrees
sion, and assure her ill-wishers that she was
abundantly capable of resisting attack, and defend
ing her territory against all her foes in every part of
Europe.
One OF the most fattering evidences of the signs
OF the times in France, is the retirement of Louis
Blanc, the head, front and embodiment of the
principles OF Founersm, or Socialism, and the de-
feat, by unanimous assent, of Fourierite mea-
sure which he brought to the notice of the
National Assembly. This social monster, which
so proudly and defyingly raised its unseelnly
head, and threatened to undo what it cost the
blood of hundreds to accomplish, has been COM
pleely and irrevocably repudiated by the good
sense of the National Convex ltion, and its abettor
and supporter has been compe lied to surrender and
retire Here is ground sufficient on which to build
the most sanguine hopes of the permanency of the
new order of things IN that highly favored country.
The next point of interest 10 which the eyes Of
the American people will be directed is Rome
and from the intelligence which we have received
from that city, it appears that the City Of the
Seven Hills has been the scene of some wonderful
changes within week. The Sovereign Pontff
has been deposed from his temporal authority by
his SUBJECTS In consequence Of his revoking a de-
caraton of war against Austria and placed under
restraint in the Castle of st. Angelo. lie has thus
been enveoped in the conflagration which he him
sell ignted but whether it will result in the total
humiliation of his power as tempo raj prince, is
in the womb of the future. The English press
confidently think that it WILL and tn at, hereafter,
his holiness and his successors will be merely the
spiritual head of the Catholic Church. without any
temporal power; but in this, as in other assertions
and predictions by the English newspaper writers,
the wish may be father to the thought.
On taking glance at the map, there is no coun-
try in Europe which can be set down as in state
Of rcpose. Wars and rumors of wars reach the
ear from every point Of the compass.
For full and authentic details Of the present con-
ditoa of that part of the world. we refer our read
to the copious extracts Fl ON our foreign files,
which we publish IN to-day's paper, and to the
graphic and lengthy letters from our numerous cor
respondents in all parts of E orope, which we shall
give in to-morrow's Herald