Smyrna times., 1859-05-12
Exciting News from Europe

hA
We have four days later news from Europe
by the arrival at Quebec of the steamship An
rIo.Saxon, with Liverpool dates 10 the 27ll
uIt There has been q further decline of Id il
cotton. Breadstufis and provisions are tending
inward. There has been no actual declara
ton ol war, as threatened by Austria, and Aus.
tia had given Sardinia fourteen days longer to
dsarm and dsband the volunteers. 1t is ru.
mored that France and Russiq have entered in.
10 an alliance, offensive and defensive. The
French troops are also said to be entering Sar.
dina. A French loan of five hundred millions
ofFfancs is announced. The rumor of an alIi
acce b,tVeen France and Russia had caused
panic in the London money market, and under
its effect conSols had declined to 9Ia .02 for mo.
ney and account. The London money market
is slightly more stringent and active. 1t was
expected that the Bank of England would ad.
vance its rates of discount. Consos fell up-
wards of two per cent. on Wednesday, There
was a material advance on beef and pork, for
which the market was quite active. Sard mia
ultimO, but the result has not been divulged -
The Austrian troops were expected to cross the |
Tlcno st every moment, although it is reported
that the Emperor had agreed to another pro-
posed mediation. The French troops were en-.
lDr0g Piedmont Great warlke activity pre-
vailed throughout France. The Corps Legis-
huff met at Paris on the 9th ult, to receive
the government statement of the present con.
dtiOn Of affairs. Count Walewski made
statement, throwing all the blame on Austria.
T0e French contingent of troops for the year
is 10 be raised to l40 600. England, Prussia
AID Russia have each protested against the
conduct OF Austria towards Sardinia. The re-
ported alliance, offensive and defensive, be.
tween France and Russia, was conducted on
the 22j ult. This announcement has caused
the greatest excitement, The British Channel
fleet had sailed, with sealed orders, but its dcs-
lnaton is reported to be the Adriatc. II is
nmOred that the whole militia force of Eng
a0d is TO be embodied, in anticipation of that
country being involved in the impending war.
"e ':iIlUeI HdS Invested hii1 ' lc-
Tor Emmanuel with the powers of Dictator
The commanders of the French army have
been announced. Pclisscr is commander-in-
chief of The Army of Observation. The German
Diet has decIded to keep the principal Federal
ready to march, and to arm the
Federal ports. The London Exchange and
Paris Boulse are in greatly excited condition,
and prices experience the most violent fluctua-
TONS
LATER.-The War Commenced. The Adj
elaIde at ST. Johns, N. T., on Monday evening,
brings later and highly important news. Aus
TRAN troops to the number of 100000 strong
had passed the boundry between Lombardy and
Piedmont, although no declaration Of war had
been made. If this be true, the war is already
begun, for the passage of the Ticiro is the in
vasion of Piedmont. This act, committed at
The moment when it was known that Russia
had allied herself with France, displays con-
fdence on the part of the Austrians which had
not been looked for. 1t is evident that she is
on the support of Germany. and
perhaps Eagand-the former with some proba.
OliIy, but the latter very doubtful.