New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-05-12
THE STATE OF EUROPE.
Frora Our Own CorrvsPosSeut.

The events Of the laHfrw days, ana sui more the
rumors Of facts the trrth of which Is not yet fuiy
sscertaBtd, have be~ iloPred the public and thrown
the money market into such confusion as to re-
mid US cf the year lci6. Twill try t" give You as
clear an account as possible of the proceedings ut
the last week The aspect Of affairs being danger
Gus. Prussia, still c"nfding in the success Of the
medlsting efforts Of England took the initiative at
the Federal Diet # the German Princes at Frank
tort and moved resolution to place the Federal
eoniiDgents on war footing sud IN readiness for
wsr. The resolution unanimously carried; but
or the same day the Emperor Of Austria, whose
pntience vas exhausted by the uuceaslng attempts
st mediation. now proposed by Russia and again
by England. all disagreeable to Austria and still
eluded by the cunning of Coant Cavour and the Em-
Deror Napoleon. suddenly sent his ulilmatum to Sar
dinia demanding the disarmament of the Italian vol
unteers. This step taken without consulting any Of
the European Powers, sat once reproyed by all
Europe Lord Mame bury used hard words
against Austria in an interview With Count APP
IoLy, the Austrian Embassador; Prussia at once
officially declared her disapproval, aud denied that
the resolution of the Fedora Diet had any agrees
I've meaning toNdEu MUSIC PiVN'Sto"
against the breach of International courtesy COM
mitted by Austria in turning round against Sardinia
lust at the moment when the great Powers were
irving TO avert an armed conflict. The King of
Sardinia, who. by u vote Of bis Parliament, was
already invested With dictatoIial powers returned
| firm negative answer to the Austrian challenge.
Napoleon, taken somewhat by surprise, since his
| 4 a., l., n.,tx m.
| pleed, and the passage BY Mont Gems stu
| Obstructed by snow, at once sent some regiments
| from Toulon TO Genoa, pushed others by Brancon
10 Piedmont. lille the bulk of the army crossed
Savoy by rail and began to scale Mont Gems,
| where four Thousand aborers are employed
| Ia clear the melting snow away aud to make
the road practicable for the artillery. England
once more made a last Effort at mediation. but
without any hope OF success. and Pduce Albert
wrote an sutogrsph letter to Napoleon declaring
that Austrp, BY her ilnosi'ed rashpess, had for
f.ited the sympatbies of England The Anstrinbs.
however. on the night If Tue-Jay aud the MORN
| ing nf Wedr e.da, crossed the Tcino with an army
Of 20. 900 men, led by three Hungarian Generals.
neither of v hon ha, n military nanc-Count yulai,
Count Benedeb and Rinald" Z"bel. AT this stage
il became suddenly known that Russia and
Frsrce had signed treaty Of ofcnse
and defense-thnt, in fact Europe was in
future to have but two ma.ters-the Emperor
of France aud the Car Of Russia. A complete
panic seized the Exchange. Twenty -DlDe failures
bsye been announced within the last two days. The
d. precatop of funds amounts III EU band alone to
above feOCOO 600, ard the English statesmen are
completed, startled BY this unexpected revelation.
The long re aided alliance for the partition OF the
contine II ,f Europe stands before their bewdered
EYES. Every other interest-even that OF the
ri. ctions-ssnk into insigD6cance. They we're at a
loss to realize at once the extent Of the danger
The, now Onl, became alarmed about some other
incidents-tor instance. that large Russian, French
and Spanish orders had been given simultaneously
Tor the Admiralty charts that Spain WAS building
tuent,-seyen gun-boats in the Thames; that
under The pretrnse of 4 final effort against obany
Russian army of 100, 900 men stood concentrated
in Crorps, and that Gen Luders, distinguished in
the Hungarian campaign. but convicted OF bribery
IN the Criuea was again at the head Of an army OF
observation in B-ssaraba. The additional fact that
|
lance increased the ALARM aud rendered the sltut-
ton bopel..s. The Constitutional tried IN vain to
stay th. panic by declaring that the news OF the
treaty between the Emperors Napoleon aud Alex
ander hid no foundation. The public OF Europe
no longer believes in the veraciy OF French Official
and semi-oiicisl journals
We bsye no news Of Yesterday from Vienna but
the effect Of these disclosures must have been
I. rribe, since we read in the Pari. Pays, semi
,fcial evening paper, The following article: - We
=. learn fact ofg'ear Importance. the Austrian
army has lot continued the offensive movement
(which It had begun, it is because the Austrian
" Cabinet hs- accepted the mediation proposed by
:. EnelaId. At the same time We are assured that
{. m. French Government has taken the offer OF
Z, gland into consideration. II this last news be-
correct France may be convinced that this fresh
evidence Of mode ration viii not be given unless
all GUARANTEES be reserved, which the present.
state Of affairs demands
IL is difficult to understand the policy
If Austria Having violated the Sirdnian
territory she now at once stays the sword al
ready hlred against the Sandman army She gives
tire 30 Frauce for completing her ornaments, and
10 Russia 10 arrange for her foreign loan. By
Tomorrow, Turin viii be secured against d
surprise; and, in the present complication,
the man would be bold who would venture to hope
that the English mediation could in any case lead
a. peacrsble Arrangement. The French Assem-
Div has slready voted new levy Of nen and loan