The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-23
AFFAIRS IN EUROPE.


dHtAacc-1Hs emperor
Reorms-G9man Politics, re-, &c.
The Italian question, it is now certain, viii not receive
definite solution the present time II stands adjourned
for an indefinite period and will probably lead 70 greater
complications in the future Cardinal Antonei Is now
preparing answer to the Joint note Of France and
Austria and Naples has already answered IT, or course
the great Italian disease is cured by diplomatic
respondecc and the material improvements promised In
Rome and Naples will not help TO establish Italian union
and nationality any than Austrian notes In Frank
forton the Maine will reorganize the Gernanic confede
ration and produce union among the different States Of Ger
many. Blu, the agitation of the question going on and
will only reach It's terminus by Austria yielding to
Sardinia, or by revolution in Sardinia that shall
re-etablh the government Of the sword the ruins Of
constitutional freedom. England, doubt wishes Sur
dina and all Italy we-beng at last fully satisfied tina
British interests most promoted by te support Of that
pary but as France rs unwilling at this period, 10
crice Austria and the intentions Of the Emperor Atox
der in regard TO Turkey and India not positively
known, the Italian question has been adjudgsd Of second
AIRY importance in the present situation Of Europe. '.You
must give Austria time 70 recover and consolidate he
power for her weight, physical and moral " now necos
sary TO establish the equilibrium OF Europe reason Eng
lsh and French dplomatt, and that emily be done
by quietng Italy, and not by exciting the passions q the
Italian people. Austria will not be disturbed in her pos
session Of Lombardy and Venice and Upper Italy, with
the exception Of Piedmont will continue 10 be governed
as conquered country. All that Is htded by the En-
peror Napoleon at this moment refers merely 70 the in
dustra development Of the Papa States and Of the
Settles, from which the moral consequences, involving
the question Of the withdrawal OF foreign troops to be
slowly and egtimatcly derived. The object is to gain
time to maintain in Italy hostage for the good behavior
OF Austria, and, in the meantime to watch events in
SPAIN where Intervention impossible without seriously
Disturbing the peace Of Europe.
good deal of coquctng has been witnessed Of late,
and France; but you may rely it, not much love and
sincerity has been astcd on either side All the bon
mos and glantres the part Of the Emperor Napoleon
side and all the pretty speeches and phy sayings
Of the Emperor Alexander the other, gasn The
alliance between England and France IS at this moment
stronger than ever not that either party finds its nd
vidua comfort Increased by it, but because France and
England, under their present governments respectively
require each others good will and influence guaran-
tee Of their mutual safety. II France and England
bear the company of Austria they we'll afford put
up with each other The situation requires it, and Rus
s isolated she is will have to bctke herself to
the development OF her internal resources the only
means Of balancing the unsettled account between her
and the Western Powers
The Emperor Alexander Is of conciatory man
ncrs and dspositionfar more Of German in blood and
sentiment than Of Nuscovte, and mbued with strong
natural sense OF justice. He is just the that Russia
in the present crisis, and gigantic already the
programme Of improvements which he intends intro
duce into his vast domains. His first act was one of
mercy to unfortunate Poland-not perhaps
with the expectations Of the sanginc people of that
chvarous country but ut least extensive enough
prise within its beneficial effects thousands of exics
deprived Of home and fortune, and obliged u wrcsc
with perjury and want in foreign lands The next step
the Emperor Alexander has taken was tho introduction Of
more efficient ana extensive system OF primary instruc
ton in public schools and the last and perhaps i'm
Portant OF all Is the proposed connection by railroad and
steam navigation between all the important commercial
and straegcal points of the Russian empire. For that
purpose foreign capital is invited, and Is thus not
likely that France aud England may least Indirectly,
furnish the by which Rnssin may hereafter resist
their joint power. The peace Europe will probably last
till these railroads are Completed but rs no great natu
raj obstacles arc to be in their construction
that period need not necessarily be extended beyond
dccadc, and may not last that long
Germany has reIapscd into its usual drowsincss The
papers are teclnng with all sorts OF political spccuations
on Italy, Austra, the Pope, Naples, and forth but
lew military pradcs, court festival the reception Of
prince, constitute all the variety with which both the
people aud their respective governments entertained
Strange to say that, while Austria in Italy Is the strong
upon Germany with certain degree Of revolutionary
mentum, more than annoying to Prussia. Austria has
become propagandist for the union OF Germany (of
under her own ausices) and the great oponcnt
Of auocracy, far the latter is represented by Russia
and Prussia is now evident that the cocorJat with
the Pope mastery political movement strengthen
ing her position in both Italy and Germany adapting
herself wonderfully TO the present position Of France.
has established between her and the present government
Of France solidarity of interests which protects her
Italian possessions and has rcconqucred for her posi-
ton in Germany which she had lost since the Rcforma
ton and the peace of We~tphaa. We're it not for the
Italian Bishops. Austria would have party in Lom-
hardy and Venice The presence of Austrian troops In
the legations may be necessary to the security Of the
Papa throne; but Papa support secured through the
concordat is equally Indispensable to Austrian influence in
Italy, and to her newly acquired position in Germany. 1t
Is this mutual relation even more than the threatening
power OF Russia, which prevents the solution of the TIA
liam question for the present If it mootcd at all at
the last Peace Conferences il was in anticipation of an
ecclesiastical visit the occasion Of the baptism OF
the ''iniant Of Francc.n But the Papal government
being the weakest has always been the most successful
in diplomacy verifying in that respect the old proverb
that Necessity is the mother OF invention. Cardinal
Antonelli understands the situation of France, England
and Austria as well either Count Waewski, Lord
Clarendon or Count de Buo and is willing to receds
France and Austria disposed W advance the Ia
liam question.
The prohibition Of all transactions in foreign funds on
the Bourse, SO far from checking specuatons in thea
has only served TO run up prices The taste for gambling
having become universal in France large transactions for
French accounts are daily made in London Berlin, Vienna
Leipic and Genoa, by means of telegraph, and the
French funds in consequence do not improve It is on
the contrary with difficulty that they can be maintained
at their present quotations, notwithstanding the diminish
ed discount OF the Bank Of England The truth Is France
is approaching monetary crisis, similar to that which
took place in the United States in 1896; but whchor
viii pass of as quietly that remains TO be seen Per-
maps III this dreaded monetary crisis lies the safety Oh the
United States in the present Central American imbrogo.
There Is nothing could Knock stocks down quick and
nopeicssiy as serious dnculty With tho United States,
and tdisse considerable the 3 per would reduce
thousands o. those who rich and conservative
state OF poverty and waters Providence The very
immediate noighborhood Of the Emperor himself would
feel the shock though he himself having full confidence
in his star might remain unnoved and mistaken by such
event. Three powers there that support tho
present government Of ranccthe army, the clergy ana
the Bourse The latter is the expression Of confidence in
the energy anu ability OF the Emperor TO protect life and
property, and Is in all probability the strongest OF them
alt This is the age Of money; but money Is scf
tanning power only for ume and high quotations must
come down holders determined - rcalxc
No more money rs 10 be made out OF pesee, while
the new industrial enterprises in Russia Italy SpAn and
even Turkey, will draw large sums from the Spectators
of France
Tie weather has been shocking, and bread has again
advanced.
Our Berlin Correspondence.
BERLIN, June 3, 1856
{aRar # Foyl VfsitorsCoEf ftes md Recepttons-7ae
Csar's amnesty TO the PoleS-aU Germany Batea ,oiM
the Credit Mojilir Kani-Neo Industrial lssoci ions
TCS Sc1Ie--Accdeuls PruSsi1n R,,ijun,us-Tyfe