The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-06-30

Now that Lord PALMERs TON has succeeded the
Earl of DERBY as Prime Minister of England, the
organ of the late Government, the London Herald,
raises the cry of "wolf," and the cry is caught up
and repeated by the Herald in New York. On the
strength OF despatch from Berlin, stating that
Prussia is mobilizing her army, our English con-
temporary emphatically and half trumphantly re-
marks ''of course this means war;" and at once
goes on boldly to assert that the advent of Lord
PALMERsToN to power has driven Prussia to join
Austria in the struggle against France. The New
II DIRK Lerdtd takes up the same strain, and speaks
oft as confirmation of the statements it had pre-
viously published from one of its European CORES
pondents 1t also pronounces the intelligence
to be Important" and, giving credence to the
rumors that Prussia had asked Bavaria and Saxony
to permit her troops 10 pass through their terri
tories, asserts that the war in Italy, $50 far from
"being nearly ended, is hardly begun" 1t is,
OF course, very difficult to say how long a war is
destined to last which has been commenced by two
of the greatest military Powers in Europe. The
London Times, however, whose Judgment
has been sharpened of late by the at
triton of rough facts that would not be thrust
aside, has come to very different conclusion from
that expressed by the New York Herald. But
whether the war be long or short, greater alb
surdty could not possibly be imagined, than that
Prussia, on finding her neutral policy materially
strengthened by change in the British Ministry,
should suddenly face about and provoke a general
war by rushing to the rescue of her ancient rival
Austria. If any new complications had arisen.
which forced her to take this step, it would not
have been possible for her to have kept them Sc
cret, from the necessity she would have been
under OF Justlfying so extraordinary q change in
her avowed policy by proclaiming to the world
the causes by which her new course had been de-
termined. But the story, confidently as it has
been put forth by the organ of Lord DERBY, has
not even the merit of pausibility. If Prussia
were to declare in favor of Austria, she would not
fly to the assistance of the latter by marching her
armies into Italy, but by creating a diversion in
her favor on the frontiers of the Rhine: and the
very fact which the New York Herald relies upon to
establish its position viz, that LOUIS NAPOLEON, in
anticipation of this alliance between the two great
German Powers is calling for large reinforcements
from France, goes to provehow little the French EN-
peror has to fear from any hostile demonstration in
that quarter. Even in the Diet at Frankfort there
was not among the most ardent supporters of Aus
tria single voice raised in favor of sustaining the
latter by sending the contngents of the Confedera-
ton across the Alps into Italy. The proposition
which met with most acceptance, came from the mi
orStates of Southern Germany, and that only de-
manded the concentration of an army of obserya-
ton on the banks of the Rhine; whilst the Aups-
burg Gazette, which may be said to reflect the
predominant sentiment of Bavaria looked forward
beyond the Rhine to march upon Paris. It has
never been denied, moreover by the warmest par
tisan of the House of Hapsburg, that by tie 46th
Article of the Treaty of Confederation it is ex-
pressly declared that the non-German possessions
of the States which parties to that instrument
extra-federal and that therefore, with respect
to them the sovereigns to whom they belong cam
not claim, in the event of war; the armed support
OF the Bttnd. As Prussia was the power which
most vehemently protested during the session of
the Diet at Frankfort, against giving France anv
cause for offence by stationing force upon the
khlne ana as she also, with equal earnestness adj
Vocated the observance of strict neutrality with
regard to the war in Italy, it is manifest that the
mobilization other army no more indicates deter
mnaton on her part to violate her avoweo neutral
ity than the organization of rife corps in England
indicates fixed resolution the part of the Bril-
fish Government to take sides with one or the
other of the belligerents. Now that the neutrality
of England is doubly assured by the result of
the recent elections, it becomes still more i'm
peraive upon Prussia to maintain the position
she had previously assumed. After pro-
tracted struggle with the Austrian faction,
she has been invested with full powers to
take the initiative whenever the indepen-
dence of Germany proper is menaced. The re-
sponsibility therefore of commencing hostilities
ana OF provoking thereby general war, rests
"hoi'y upon her, and warned as she has
been, In common with the otbor corr,or
any assistance rendered to Austria
Ella :. i NC 'ne signal for Russia to take the
-, -, o''ueit that her interposition-
necessarily drag the whole of Ger.
ms" 'ne "ar-woud inflict moro ;,;nr
upo Ausua IMAM IL the latter were left. as at NC
sent 10 ngnt her battles single handed Fron, ~.
uipioniauc correspondence relative to tho oe.;..e
Italy, which has recently been publ;sbes ~. ~, -
Engiish government, the fact is made annoue..
that austria In Issuing her peremptorv snn.,oo-s
10 sardinia to dsarm her free corps within -
aays' ana In thus precipitating war which no,
maps sne ielt to be inevitable fully calculated mon
receiving the support of some at least of ~.
MINOR principallties of Germany. She car
'aiuiy could nave commanded, at one tima i.
majority OF the votes in the Federal not.
Dut tne more prudent counsels of pruse;.
'ne iormai declaration Of neutrality by England
ana the attitude of expectancy assumed by
Russia bafted all her preconceiyed plans and lstt