The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-07-07


told, M9fsoyer, that Prussia, in conjunction with
the members Of the Germanc Confederation will
shortly demand of France and Sardinia that
the Alincio- shall be regarded as the Western
boundary of the Austro-Italian provinces, and
that the passage of the Allied armies across that
river will be considered as menace to Germany.
and, therefore, as a casus belH. These rumors and
specuatons, coupled with the statement that some
| important announcement was expected from Prus-
sla in the course of few days subsequent to the
sailing of the Vanderbilt have had tendency to
unsettle the popular mind abroad although owing
| to the abundance of capital seeking investment
especially in England-they have not materially
affected the value of public securities. We may
here touch also upon another report which IS cur
rent, and which evidently contradicts the previous
statement, so far as it relates TO the assumption of
a casus 5elH should the French and Sardinians
cross the Mincio. The report TO which we refer
is. to the effect that if the AuStrians should be
| defeated in the Mincio the Neutral Powers, by
preconcerted arrangement, will reopen negotia-
| tons with the helligerents with view to induce
Austria ''to abandon her claim to Lombardy
(which will be annexed to Piedmont; and to de-
clare Venice free city with portion of territory
''as far as the limits of Lombardy." That some
such effort will be made is not at all improbable;
but that it will prove acceptable to Austria is far
more doubtful, as it would concede all that Ma
PoLEoN III. is prepared to exact. The alleged
understanding between Prussia and Austria, and
the active nterposition of the latter on the cond-
tons previously stated, cannot possibly he true,
inasmuch as an agreement of that sort would in
fct double humiliation upon Austria; first, by
the loss of the principal portion of her Italian
possessions, and next, by elevating Prussia to the
rank Of the first Power in Germany. In pre-
vious article we pointed out the absurdity of sup
posing that Prussa-as it was alleged-was
preparing to dispatch an army into Italy to the
assistance of Austria, and we then expressed the
opinion that if Prussia moved her forces at ALL it
would be in the direction of the Rhine The
mails of the Vanderbilt confirm this view; for we
learn that forty thousand Prussian troops and
portion of the Federal contingent numbering
also forty thousand men, are under orders to con-
centrate upon the Rhenish frontier But this by
no means indicates intention of creating
diversion in favor of Austria by marching upon
than as a precautionary measure, which is de-
signed to conciliate the warlike spirits of Germany
The same may be said of the act of Prussia,
which calls out the Landcehr, and we may take as
authoritative upon this point, the declaration of
the Prussian Gazette, which emphatically states
that Prussia has no other motive for modifying
her army, than to protect the interests of Germany
in case the war in Italy should spread beyond the
limits of that peninsula In respect, also, to one
other matter there appears, at this time, to be a
good deal Of misconception. Many of the towns
in the Papal States have rendered their allegiance
to VICTOR Emmanuel, and much surprise is mani
tested that the homage was not accepted A mo-
ment's reflection will suffice to show the reason for
this: The object of the Allied Sovereigns is not
to make war upon any Italian Prnce--but to ex
the internal administration of the Papa States has
been, and is still, corrupt and despotic in the ex-
treme there cannot be any doubt whatever; but
this has arisen, for the most part, from the fact
that the policy of the Papa Court has been con-
troled by Austria. When that influence has
been broken down, a reconstruction of the Gov
ernment by secularizing it, and by the introduc-
ton of liberal Institutions, can easily be accom-
plished. Such, for the past ten years. has
been the avowed policy of NAPOLEON Ill, and the
course adopted by VICTOR EMMANUEL, with refer
ence to the deputation from Bologna indicates that
the views entertained by the two Sovereigns are in
perfect accord.