The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-12

The two days later news from Europe, which
we publish in another column this morning, re-
ports some important changes in the operations
ut the seal Of war. The Austrians have made
an advance movement in force, and Garibaldi Is
said to have experienced reverse. From Frank
fort, too, we learn the important fact that the
Military Committee of the Germauic Diet had
reported in favor of placing an army of observa-
ton on the Rhine. This will necessitate French
army in the same quarter. In commercial aspect,
matters were somewhat better. Consols and
cotton had advanced, while breadstuffs are re-
ported as having declined slightly. Taken in
the broad sense, these accounts indicate that
public confidence was in a measure restored, and
that the position Of the masses had improved,
labor finding profitable employment still in the
manufacturing districts, and the prospects of
good harvest holding out the promise of cheap
food.
The improved commercial aspect of things is.
30 doubt, one of those usual reactions that mark
the course Of all sudden depressions. Whether it
will bold good, or again give way before the
dropping Influences that may attend the develope
campaign in Italy aud the diplomatic move
ments that await their progress. We presented
yesterday, on high authority, the character
Of these, and the accounts by the North Britain
bear out our statements in every particular. 1t
was publicly reported in Paris that as soon az
will make strenuous efforts to end the war. In
France heavy shipments of siege artillery and
material were being made, intended, no doubt,
for operations against that important stronghold;
and it was rumored that Louis Napoleon would
return in August, which probably indicates the
time when it was expected he would capture the
capital Of Lombardy. The Emperor of Austria
had gone to Italy, to inspire the defence by his
presence. and on the 3lst of May arrived at We
roma. Thus the principal actors are appearing
upon the stage, the plot thickens, and the drama
is preparing to unfold the bloody scene that must
epsue.
That all the Powers Of Europe will make
great efforts after the first great battle to stop
tie contest, there can be no doubt. 1t behooves
their highest interests to do So If the conflict
is allowed to 60 on till each of the bel
lgerents becomes heated with blood and passion,
or epraged by continued defeat, no human
power can stop the contest from spreading and in
volvipg the entire Continent In Its flames. For
this reason the Powers that still remain neutral
hope that Louis Napoleon will succeed in taking
Milan, when they trust in being able to bring
about an arrangement through diplomacy. Aus
tria may lie brought to consent to a relinquish
ment OF her Italian rule, receiving in some way
as recompense, a portion of those sacrifices
that must necessarily attend upon the driving OF
her out by force; and Louis Napoleon. convinced
Of the necessity Of moderation in his aims. NAV
be brought to consent to the erection of one king
dom in Northern italy under Victor Emanuel au
other in the centre for some new prince, and to
the stotu quo Of Naples under its new sovereign.
The success Of these diplomatic schemes de-
ponds upon two eventualities: that the French
take Milan, and that Austria be brought to
sepse Of reason by the first great defeat. Should
either Of these fail, diplomacy mrst wait some
other favorable copjuncture for carrying oat it,
plans and saving Europe from general war.
To such result many things tend
The electric telegraphs that cross thc !ace OF
the continent in every direction bring, as i.