The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-21

must come to this at last But still we ask for
an aImistice till after the August elections.
Signs of the Future In Eurou..
We reported yesterday, as part of the news
from Europe, that insurrectionary movements
had been with difficulty suppressed in the south
of Spain; that troubles had broken out in Italy,
apparently with view to the expulsion of the
Bourbons and the Austrians; and that the three
Paris circmsriptions which had not elected
dsputts at the last election had made choice of
representatives among the opponents Of Louis
Nspoleons government. We have reason to be-
heve that these events, disunited as they appear
in point of time and space, were in reality dife-
rent parts of the same scheme, and intimately
connected together.
Nine and half years have elapsed since the
last revolution took place in Europe. That revo-
luton disturbed an era of quiet which had lasted
eighteen years, and which had succeeded to an
era of quiet lasting fifteen. According to pre-
cedent we should have no revolutions in Europe
till 1866-T0, or thereabouts. But however
faithful to precedent in matters of principle, his
tory deviates widely from precedent in chrome
logical points No two successive eras are ex-
actly alike in point of time. The general rule
in France is that revolution is effected by each
successive generation, but that no generation
makes two revolutions-one having taught it
the cost of such frolics. But in these later
times, men live faster than they used to do, and
the events that used to fill generation are how
compressed into ten years or less. Perhaps this
rapidity of movement may have its effect on re-
volutiOns.
At least one-half the revolutions which
Europe has seen have been precipitated by fnan-
cial disorders. The financial troubles OF the
kingdom overthrow Louis XVI; financial en-
barrassments killed the Directory financial
straits preciptated the fall of the elder Napo-
leon; financial deficit was the prime secret of
the ruin of Louis Philippe There is financial
sore at the bottom of the present French regime
When the present Emperor assembled the throne,
be found the national finances in a disastrous
condition, and undertook to cure them by Great
ing fictitious wealth in the shape of bonds and
promises to pay, which depended for their value
on an increase of wealth which no human power
could command. the remedy had a primary
success. France, always speculative country,
schemes with ardor, and every person in the
kingdom from the peres to the garsons de cafe be.
gan to speculate in stocks. This has now lasted
four years-a long period for an era Of specula-
ton and imitation. A short while ago, when the
speculation became obviously absurd, the
Emperor tried to check 1t by repressive edicts
but be found the task beyond his power, and
so far receded from his design that he
authorized an increase in the capital Of the Bank
of France That institution has for the past
eighteen months been buying specie at the cost
Of about twice its usual profits with result
which will be shortly seen. The wine crop has
failed for several consecutive years; the silk
crop has not been as good as usual latterly
even the harvests have fallen short of their
average. Everything in France points to q
proximate financial convulsion.
Thus, though the accustomed period has not
yet arrived, there may be pausibility in the idea
that the movements in Italy and Spain, coin
Gliding in point of time with the unexpected
revival of the spirit Of the Paris republicans, in
dictate a rapid approach of the old revolutionary
times. Politics in Spain and Italy are in large
measure-and have been for years-dependent
upon the politics Of France; the revolutionaries
of Madrid and Florence or Rome take their cue
from their friends in Paris The Emperor has
played his whole stake on the success Of his ex.
pertinent. He has get his whole soul to work To
win the favor Of the people Of the country parts
who are always half century behind the leading
minds of the nation and has trusted entirely to
bis bayonets, to his subterranean passages to his
wide streets and swarms OF soldiers TO keep the
people Of the city Of Paris in order. The result
appears TO show that he has not been entirely
successful. The people of the agricultural dis
tricts--like their fathers-vote as they are bid
den; but the people of the city intimate pretty
plainly that nothing but the bayonet keeps them
In check. And the movements in Italy and
Spain show that nothing is wanting there bat The
signal from France.
Altogether, the moral Of these events lie that
the masses in Europe are az republican as they
ever were, and that the Napoleon dynasty will
last 20 long as the Emperor preserves bis life and
health but no longer