The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-30

kets Of Europe viii be strained to pont never
previously known. To say nothing of the Indian
loan no. about being issued, there will be de-
gagged in or likely to be drawn into the conflict.
Never in tie history Of the world will there have
been such an absorption Of its floating capital into
nadte,.d, stocks Of provision and other mill
| tary necessaries. 1t does not necessarily follow
|! from this that the governments which have the
best financial standing will display the greatest
power Of endurance. France, under the first re-
public, and by the aid Of her assignass alone,
achieved miracles. Austria, under the pressure
of despair, may show that she too has national
energies which even bankruptcy cannot depress'
The European Compiicntions-syhut the
| RussO-Frrnch Alliance Forsbodes for Eu-
rope.
Every arrival from Europe brings US a clearer
ring of the preparatory notes of war; and we
may expect at any moment to learn that it has
been actually declared between Austria aud
Sardinia That will he the beginning, but what
will be the ending no one can forsec.
The almost certainty Of this result has been
brought about by the grasping designs Of Austria
in Italy on one side, and by the movements of
Louis Napoleon and Sardinia on the other, aided,
no doubt, by secret understanding between the
Emperors of France and Russia. Selling the
moment when Austria feels most acutely the
effects of her spend all career, and finds her
treasury on the eve Of a collapse Louis Napo-
leon, by few angry words as New Years
salute to Baron Hubner deprives her OF the
| possibility Of obtaining more money from the
Jews. Following this up by a few tricks Of
diplomatic legcrdemain, he sets Italy in a
blaze, frightens the Pope into placing his
reliance upon Divine Providence in
stead of Austrian bayonets, and forces
Francis Joseph into vast war expenditures
al a moment when he has not the means Of meet
ing even his ordinary expenses To ill these, the
Austrian Emperor is obliged to seize the metallic
reserve in the Bank Of Austria, to leave bis six
hundred thousand troops for months without pay
and to contemplate the desperate resort to
forced loan from his phlegmatic subjects
In this position Of afaiIs Austria has no re-
-ouroo but to choose between foreign war and
domestic revolution. Ifpeace could be re-estab-
| isaod by Conerass of thA five great Powers.
Francis Joseph would have to return the bullion to
the bank, pay bis soldiers their arrears, and pro-
vide for his current expenditure. Ifhe could not
do the last named ofthese before his vast war debts
were incurred, he will not be able to do so after
wards. But if he brings On foreign war, then
| he muy do much that he cannot do in time Of
peace. In the public excitement of war he
need not return the specie reserve to the bank,
and the usual spiri' Of patriotism will induce
the wealthy subjects to loan more money to the
outraged fatherland. Men will always do when
they are angry. excited or violently patriotic.
| what they viii not do in calmer moments. Be
| sides that, with plenty Of fighting and fair
chance Of plumber for his soldiers, he need not
trouble himself, nor will they trouble themselves
| about their pay. But necessary as war is to
| Austria, she does not wish to be placed in the
| tight Of the aggressor. This would deprive her
Of the sympathies Of the other European Powers
during the contest. And yet this is just the po-
sidon that France desires to place her in, and
| with every appearance Of success for France can
keep UP the expensive show Of war without war
much longer than Austria can. IT is therefore
desirable for the former to keep up as long as
| possible the present state Of peaceful irritation
and diplomatic hunbug, SO as to exhaust her
adversary. And this brings us to another part
tAat is pla. Cd in this game Of beggar M
neghbor.
| The Anglo-French alliance that 20 recently
helped Louis Napoleon to rule all Europe, 10
GLIDING England herself, is in allegiance; and the
| Russo-French alliance is now the trump card In
European politics. The first was concocted at
ST Cloud, and 1--WE knew very soon what 1t was
through the braggadocio but necessary explana.
tons Of Lord Clarendon to the British Parlia-
ment. That exposure liz some degree deprived
the alliance Of its force, by exhibiting to
third parties its tendency and design, and en-
abling them to adopt policies to counterfeit it.
But the Russo-French Alliance was made at
Stuttgart between two absolute rulers who have
no constitutional parliaments to claim know
ledge Of their acts and reveal them to the world.
Alexander and Napoleon at Stuttgart reviewed
the several claims Of Alexander and Napoleon at
IIst, by the light Of the experience OF half cen
tury. This would enable them to revise and unite
where before change and concession was refused.
nat their agreements are can only be known
when success or failure has revealed them, but
some idea OF their import can be drawn from the
first words Of Alexander and the last ones Of Ma
poieon, at Tllsit II hate the English as much
as you do,' said Alexander. "Constantinople y
exclaimed Napoleon: "Cons.antinople Never!
lis the empire Of the world Russia still owes
to England aud Austria the defeats in the Cti-
mea; Turkey is stiB the " sick mon OF Russia's
ambitious dreamsi but the possessiea OF Con-
sieniinople no more confers the empire Of the
world.
The policy Of I,usaia is already working out
her retIihution upon Austria, That poicy.is
graphically dcpieied by Rugias creates. histo-