New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-01
THE STATE OF EUROPE.
From Our Own Correspondent.

froD Ouf Own Sorespoauents
LONDON, Tuesdsy, Dec. 10, 1856.
Europe has apparently returned to its normal
state of diplomatic ntrigues, decent desPotsm,
petty quarrels and general expansion OF industrial
enterprises. Most of the victims Of the revelations
of Is4S have been released from prison. Throughout
Germany, the King of Prussia is the only one OF
the German princes who has not cleared his dun
geons. The King of Naples is likewise chary with
pardons and the recent attempt on his life aud tbs
speedily suppressed instruction in Sicily, arc not
bkey to induce him TO do more in the no Of
c'emency. As to Napoleon be continues " ruls
with an iron hand. IL is as dangerous At Paris to
critcise his Government as ii was in Russia under
Nicholas to NEEDLE with politics. Still, the hnan-
cia crisis has disappeared in France, Rpd even IN
Austria the Bank is fast approachi1 - healthy
state so that within the next ten months it may re-
sumo cash payment. Accordingly, everything looks
quite smooth on the Continent, though nobody be-
eves in tho stability ii the present state OF things
The NeapOlitan question has blown over, and En-
gland and France instead of winning golden opinions
in Italy, have become ridiculous throughout tho pen
insuls pairing the position OF their protege, the
King of Sardinia. Spain has at the present moment
TO struggle with approaching famine, which rem
ders peope less tractable, and the abs0lutlst plans
Of the Queen must therefore, be- adjourned for a
more prosperous time. As regards the Partisan
Conferences, there il now no longer any dlfhculty
To be unprecedented about them. Russia must yield
in the question Of Bolgrad and expects only to be
allowed TO do so without lOss Of dignity.
But while Europe looks quite pacifed, for nobody
believes in a serious collision tetween Prussia and
Switzerland there are serious troubles IN store
in the East. England has declared war against Persia
ON account OF her attack and probable capture of
Herat; and a combined Anglo-French and Ameri-
can expedition to the Chinese waters is likewise
talked Of IN order to induce the Emperor OF China
to grant some privileges to the merchant nations OF
the world in return for which the English aud
French will grant their assistance to the Emperor
against the rebels. The scheme seems very plausl-
bic but il NAV together with the Persian expedi-
ton embroil the English nation in struggle tar
more severe than is expected, since IN Persia, a.
well as in China, Russia turks in the background.
able 10 cOunersct any English scheme. The En-
glish papers do not believe that the Car will dareto
give his assistance to Persia against England, but
they do not seem to be sufficiently well informed az
10 the resources which Russia has at the disposition
Of the Gar whose popularity is undeubted.
The question Of the expectation Of silver 10 the
East which was at the bottom OF tho french CRISIS,
begins TO ex cite the attention OF the economists,
aud may soon lead 10 the Introduction ola gold cur
rency in the East Inda Company possessions, or
else all the silver of Europe will be absorbed by
Hindostsn Formsn years, the demand for Indian
and Chinese exports has been increasing, while tho
demand for imports has not risen IN the same pro
portion. I he Oriental populations have few civil
lied wants but they delight in costly ornaments, IN
gold and silver Tinkets, IN precious embroidery.
Accordingly the precious metals, imported IN re'
turn for tea and silk and rice and indigo and hemp.
remain with population whose prosperity as Inc
Times correspondent ably remarks, increases lastsr
than its civilization. be same il the case, though
on reduced scale, with the Algerins Arabs OF
French Africa, and it will probably 10 hong be
fore these semi-ciyzed populations VII yafus
European commodities higher than geld aDf ."'rr-
Their real wants are very small and their estimate
Of the precious metals which do net decY Is some
what exaggerated. Still they prefer godeo siver "a
il is more convenient tor boarding. a. Son. tncrs
fore, as the East India Company rsV1rns 70 INC
cold currency. the silver Of IndO will 10 released,
and flow back to Europe, pncn 10 me de'igns
Of tie banking establishments Oh inc Con'ineh
where the silver currenq prevails. Still, such
MEASURE can BIZ only q a temporary advantage,
since the difference between the European import.
in he Fast and the Indian and Chinese exports VIII
aluAys have 10 be made up by the precious metals,
un, the populotiOns OF the East can be civilized ID
,Ie western stnse Of the word There Is move
ment going "a in the mercantile classes Oh me ooo-
tinent fysrable to a transition from silver 70
cold currency, but the German Monetary ConmI'
epces have not yet led TO any satractory roanmi
snf 10 France the twenty -frsnc piece Is prscISay
the real currency, much more tnan 'he ''"e'