The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-04
put to- profitable uses, if we have the wit and the
skill to profit by them.

between the two EMpERoRs during their interview at
Villa Franco Tories, Conservatives Liberals, Radi-
Gals, all unite in denouncing the compact as hollow,
worthless, and impracticable. The London Times
takes credit to itself for its early skepticism and
now cries out eXultingly-"We told YOU so ~
Even the principal parties TO the war it adds, now
find it necessary ''to apologize to the world for
''the conditions of the Peace and it derives some
satisfaction from the fact that an Irresistible
power should feel some homage due TO outraged
'faith' But 'what right says The Times,
'have the three Powers assembled at Zurich to
dispose of the people of Rome, Naples, Parma
Tuscany and Modena? viii Naples submit, and
EFF not, who shall force her? Is Rome so readily
t'cowed? LOUIS NAPOLEON is strong man against
s'some people, but he has shown himself to be
Coward in the face of Rome? As to Austria,
''she has still one chance left If she is sincere in
cher promise to introduce into her public laws
'and administration, reforms conformable to the
Esprit of the time, she has awakened to the new
conditions under which every Government must,
Gin this age hold its power; but if these are
''mere words without intention then there is some
Ching prophetic in her anticipation that new
q struggles may ensue, and events will, in all
probability, justify the first impression created by
''the publication of the treaty-that it was made
with the intention that it should be broke" In
the Judgment of The Economist ''Italy has gained
''nothing. The French EMPEROR has abandoned
GALL his high pretensons and violated all his
generous promises, and returns to Paris nomi-
''naly conqueror, but, in reality a defeated and
"dishonored man." The Saturday ReuieC asks
''where is the glorious liberty which NAPOLEON
'III promised to the Italians ~ and thus replies
its own question: "Gone like the mirage of the
f'desert, when the traveller draws near; gone like
''the promises of dream broken at morning time,
''and in her stead is left Liberty indeed, but
'Liberty as she is in the delightful purlieus of the
Enthusiastically as she looks at Naples and
"Bologna-the goddess of French freedom, ad-
"mired Of projects, adored of pampheteers." The
Observer regards the arrangement as $50 utterly
"unjust and inconsistent that it never last.''
1t doubts whether it can ever be started in work
ing order; points to the fact that 'Naples is in
''surrectonary," and that ''the PopE demands
''more troops" that the people of Tuscany, Parma
and Modena have voluntarily annexed themselves
to Piedmont, and the question is then asked
''whether Austrian Archdukes are to be forced
''upon the revolted Duchies by French and Aus
''tran soldiers ?'' ''The so-called settlement says
The Observer, "has settled nothing, and Italy is
cleft, by this incomplete and unsatisfactory ar
arrangement, more unsettled and dangerous than
''ever it was before" The Examiner characterises
the peace as whimsical" and the treaty as
"most extraordinary-a peace that will neither
NIL toll EraYo L.
DAILY Meas denounces NAPOLEON III as a
trickster, and the treaty of Villa Franco as
coup de theatre. All the minor journals in Eng
land take up the same cry, and all coincide in
opinion that the war, which has been closed so
suddenly in Italy, is destined 10 break out afresh
at no distant day, in some other quarter. Such,
too, is the avowed conviction of Lord DERBY,
who calls, upon the Government which has SUI
perseded him to spare no efforts TO strengthen the
land and naval defences Of England, in anticipa-
ton of the coming storm We are told that the same
feeling of doubt, gloom, and uncertainty, prevails
elsewhere. From Vienna the correspondent of the
London Times writes that "the nation, and
more particularly, the military part of it. is ex-
'tremely disappointed with the results of the
'Villa Franco Conference" From Berlin, the
Times correspondent writes: II remarked in
''former letter, that it was felt here that there
might be a peace more mschievous than even
general war. This apprehension is already be-
coming general and on grounds which seem
"only too reasonable" From Paris we learn that
'it is now admitted, on all hands, that never have
gigantic preparations produced such paltry eff
''fects.' lie Siecls declares that '!ifthe minutest
Austrian influence is suffered to abide in Italy.
all that has been done will have to be done over
again in the course of a few years Ia Pa
RE expresses, in a few brief sentences, its hopes
and its fears From Turin il IS reported that
portraits of the French Emperor have been re-
moved from the shop windows. In the opinion of
the Milanese t. the sacrifice of Venice is as likely
"to damage the popularity of the Third, as it
"proved injurious to the reputation of the First
NAPOLEON" The people Of Tuscany have Off
cially declared that they will maintain the indie
pendence they have acquired, and Commission
has been appointed to proceed to Paris to protest
against the return of the Grand Duke. OF CARR
BALD a doubt is expressed to whether he
will obey any instructions to disband his gall
liant little army or, if he does so in obedience
to superior orders it is said to be still questionable
whether he will not seize the first opportunity of
summoning to his standard his old companions in
arms, and inauguratng an independent movement.
KossUTH has retired into Switzerland; but of
KLAPKA, and his legion of five thousand Hungari-
ans, we as yethave no accounts. Such is bird S
'eye view" of the present condition of affairs
growing out of the peace of Villa Franco, and the
prospect which it offers is by means satisfactory
one far the permanent pacifcation of Italy is
concerned. What changes may be brought about
by the result of the Conference at Zurich, or how
far the adjustment, at that Conference, of the de-
tails of the general agreement made at Villa
Franco, may tend to modify and concate public
opinion cannot, of course, at this time be deter
mined. is, however, not the least remarkable
circumstance connected with the course of thu
French Emperor, with respect TO Italy, that those
who most bitterly opposed his going to war with
AUSTRIA and who most loudly asserted that HI
was actuated by ambitious motives now denounct
him for his moderation. Admitting, as they do
that NAPOLEON III commenced the war in direc
opposition to the general sentiment of Europe it il
the least that could be expected of him that h,
would conclude a peace whenever he though
proper to do so, and the interests of France de
manded it. Whether that peace will prove of any
lasting benefit to the italian States or will lead t,
new and more serious complications we shall sool
know. One advantage has certainly been gained
by the war. Lombardy, containing three million
of inhabitants, has been wrested from the grasp O
despotc Austria, and transferred to Constitutions
Piedmont. The influence of Austria in tn
Duchies has been effectually broken down, and
the theory of an Italian Confederation be foun,
practicable, when put into operation the leagu
thus constituted may possibly be able to introduc
salutary reforms into the administration of all tn
Italian States, and may finally succeed in pro
noting that most desirable of all reforms-th
secularization of the Government of the States G
the Church.
AN ENGLISH acknowledgement as were tn
revelations made in the Sckles' case of a certain
kind of life in this country, they have been throw