The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1859-08-03
HE IA N G TER LED kR.
The Emperor of Austria is TO be the King

The Emperor of Austria is TO be the King
of Nenetia. solely as an internal member of
the confederation ; he will rule less than
three millions Of Italians. and will be con
trolled by Il confederation ruling not less
than iweutv-sx millions. The Pope is
shorn virtually of his temporal supremacy !;
he is deprived of the substance, but keeps
the shadow.
The Times says hat Venice must nope
that her independence will not be n mere
name, and that the influence of France and
Austria united will not be more unbearablc
than that Of Austria singly. TIE Romans
must hope that TIE Ital inn contederacy un
der the Honorary Presidency nfthe Pope,
will b. nothing like any government they
have hitherto known. The Papal States
are iett ~ they were. hut with Il master
shiirw hat greater than before he is Hon.
orary President of the Italian Cunt.dcra-
ton. and General Guyon holds the sword
at his side. The King of Naples is made Il
member of the confederation, and has to
learn the worth Of that power and its i'm
port. Europe has to welcome Il new pow
er-thc German Confederation older in
dignity, If not ia time. England has moth
ing 10 do but to look on. Austria is some
what humhrd. but relieved of difficulty.
Sardinia is aggrandizcd with province that
mistrusts her, and ncighbor that has
earned m impcrishnblc and neS haustibie
claim to her gratitude. The Gra nd Dukes,
we suppose, are once more TO be reinslatcd
in their thrones. France has now the game
in her own hands. She can raise all Italy
and half the Austrian Empire against those
Germans whom she has so often beaten
Yet, on the very summit Of her ambition,
sb hoS m H.
lions sterling and 10000 men, only Ia give
Milan II Picdmontese instead of an Austrian
master, and to establish the Pope in II tenn
poral dignity even beyond his imagination,
and capable of extension. Is all this real
The Empcror's game must be very long
one.
But notwithstanding the unexpected, and
rs regarded by Europeans, the unequal
terms Of the treaty. the tidings Of peace are
nevertheless, on this side Of the water ut
least, hailed with great joy. As Il matter
of interest, the Southern States especially
have reason Ia rejoice ut the result Later
adviccs than the above, by the Europa, lie.
port large sales of cotton in Liverpool i'm
medIatcly upon the PRONUNCIATION Of the
news Of peace at an advance of thrcc-eights
of penny. ! he Europa sailed on the | 9th.
|; confirms the news Of peace, but brings
no fur thcr particulars. When the details
are teceived, 1t may be that the treaty will
be better understood and found to be more
rcconcileablc with Justice aud equity. The
French Emperor is reported TO have said in
an address to his soldiers that, peace was
concluded because the contest was about
10 assume proportions no longer in kccping
with the interests France had in the VAR
The Austrian Emperor has admitted that,
in signing the treaty, he yielded to an un.
favorable political situation because his
natural allies did not, as expected, come TO
his assistance.
For later and important accounts respect
ing the peace treaty, We refer /" another
column. 1t secms that great dissatisfaction
prevails, that the EmpcrurS acted too hasu-
lv, and that il is involved in much doub bt
whether the terms "f peace upon which
thev agreed are practicable.