The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-01-29

lnere was story current many years ago, that
on certain occasion, in view of international
complications which threatened to result in active
hostilies, the Austrian Government applied to the
RoTHscHLDs for loan, and that the response of
those wealthy capitalists was, in substance, as
follows: 'The House of HAPsBURG desires to 90 to
war; but the House of RoTHscHnD is opposed to
It," Of course so far as the curt reply of the
Frankfort millionares is concerned, the anecdote
bears the marks of being fabrication. 1t, never
theess may be accepted as illustrating, in a pithy
way, important truth. 1t teaches us that,
the policy of resorting to war is more
frequently determined by financial considerations
than by motives of anger or ambition, inasmuch as
the cost of carrying it forms an essential ele-
ment in deciding upon its necessity The first
NAPOLEON made his continental wars selfsupport-
ing; but during the past half century the more en-
lightened sentiment of Europe has shown itself so
decidedly adverse to acts of spoliaton, partakng
so strongly OF the nature of brgandage, that it
would be manlfestly impossible for a poten-
tate at the present day to adopt in war
OF invasion, principle which has been
so emphatically repudiated. Bearing then
in view another fact which is, that great war
heavier expenses than it did Observation-Disclosures
IDENTIFY of the serious check that would be given to
many branches of industry, whose rapid develop
ment constitutes the most remarkable feature
of the age in which we live-lt will at once
become apparent that nothing short of an absolute
necessity will be permitted to put the armies of
Europe again in motion. Our readers will per-
celve, from the drift of our reflections, that we
nave IN mind the Italian question, and the rumors
that point to LOUIS NAPOLEON as the arbiter of the
future destiny of that mis-governed country.
There can be no doubt whatever, that there exists
an extraordinary ferment among the Italian peo-
pie; that the presence of Austrian troops in the
Lombardo-Venetian States has become more hate
ful than ever, and that the various efforts which
have been made on the part of Austria, to con-
clliate popular feeling, have been met with scorn
and contempt. Nor does this spirit of anagon-
ism appear to be confined to the fragments of the
old revolutionary party of l848 1t is eyinced,
also, by many Italian patriots, who rejecting the
wild and visionary schemes of MAzzrNI and his
confederates, rest their hopes of witnessing the
regeneration of their country, upon a very differ
ent and far more judicious basis. They have been
taught by painful experience that their country
men under Austrian rule can never hope to sue
ceed IN asserting their independence, but by the
aid of Sandman bayonets. They have no belief
IN the stability of Republic, even if that were
possible and would prefer to see the Italian pro-
vinces united to Sardinia, under a constitutional
form of Government, with VIeroR EMANUEL as
King. If Austria were less hated than she is. it
might be easy for her to re-establish her power
over her Italian provinces by fomenting intrigues
between the Patriots and Republicans; but though
these parties differ from each other with regard to
the form of Government which would be best
adapted to meet the wants of the Italian people
they have a common bond of union in an equally
intense repugnance to Austrian domination 1t is
noticeable, moreover, that in many instances
already, the members of the revolutionary party of
ls48, and among them, the brave GARIBALpI, have
adopted the more moderate views of the Patriots,
from conviction that the first duty of the Italian
people is to accept the cooperation of Sardinia in
expelling the Austrian authorities leaving as an
open question the form of government to be subse-
quently adopted. The gravity of this new move
ment has created in Austria a profound feeling of
uneasiness and alarm. In anticipation of popu-
lar rising, she has strengthened her fortresses in
nombardy and Venitia, and has thrown into those
dependencies thirty thousand additional troops.
But her sense of insecurity may be better under
stood from the measures which she has recently
adopted, not only to provide the necessary means
to meet the emergency, but also to secure herself
from loss, in the event of being finally con-
strained to evacuae the Italian peninsula. She has
made forced sale to the various municipalities of
her Lombardo-Venitian provinces ''of all the pub
'1c official edifces, including the palaces of the
fsGrand Dukes, the Guild Halls, the Barracks
CSC" merely agreeing to occupy the buildings in
future at a specified rent
From these evidences of the revival of popular
disafection in Italy, and especially from the APP
parent apprehension of Austria with regard to the
final result the belief has become very general that
extraneous influences have been at work to bring
about solution of the Italian question, and ru-
NOR points to LOUIS NAPOLEON as the master spirit
of the movement His speech to Baron HUMMER, at
the levee held at the Tuilleries on New Years day
has been frequently quoted as confirming the re-
ports previously promulgated of the intention of
the French Emperor to actively nterpose in the af-
fairs of Italy In expressing to Baron HuB-
NHa, in the presence of the Foreign Ministers
and the functonaries of the government his "regret
"that the relations existing between France and
"Austria were not as good as they had been, y it
is very probable that he designed to No.
tify the Italian people of his sympathy with
their cause. 1t is equally probable that he wished.
at the same time, to cast upon Austria the odium
of raft1aod tn crl-ov,arafa .,,;tL