New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-06

returned TO rs allegiance after the war was over;
Int now il il all too late aud it will be well for the
Pore 10 take lesson in "tbe memorable logic of
eventsr--lest something worse should befall him.
Such is the substance of this remarkable letter. OF
the effect of its publication in Rome we have no
information, but it cannot fail to draw forth
manifestations If indignation and bitter hostility.
In Parip, the COrdinal. Archbishop MOrlot has re-
sigued his place as a member of the Regency
Council appointed to act IN case of the death of the
Emperor. Though he is said TO lave approved the
policy advocated in the pamphlet, his position in
the Church cons'rsns him to withdraw from all
official connection with the French Government.
Hardly less significant is tue return of CavOlr TO
power in Sardinia. His retirement followed the
disappointment Of Vlllofrancs and bis resumption
of authority naturally accompanies the second act
of the drama, in which Villairanca may be re-
emded as but an nterlode. If any doubt hnd rt-
moned as to the perfect emancipation OF the pro-
viuots Of Central Italy from the claims OF ths
eSied Princes, the presence of Cavour at the head
of affairs in Turin must remove it, for he ould not
have cone into Office again had any other
policy been contemplated and though there is as yet
no definite announcement of the destiny of Genital
Iialy tie probability Of its annexation to Sardinia
is row greatly strengthened In fact, that is so
much the simplest and easiest solution OF the mat
ter that any other is almOstOut OF the question
The people of all the provinces desire annexation;
the machinery for carrying it out is already organ
lied and at work: and all that is requisite will be
that France and England should recognize the va
ldily of the popular will and allow it to take effect
This may all be accomplished without Congress;
while the alternative is the creation of new king
dolO, for which Congress would be well nigh ndis
pensable.
Next comes the tariff reform in France, with the
commercial treaty negotiated but not yet signed
with England. This important measure has po-
titica even more than an economical character, and
is by 10 means without its bearing upon the settle
mtnt of Italy. 1t renews the entente cOrdiah be-
tween the two powers and, indeed, renders 1t
stronger than ever especially on the English SIDE
Tie changes in the French tariff consist in the adj
mission OF wool and cotton duty free in regard to
coal and iron, duties of from 70 to 80
per cent are to be substituted for the
previous prohlbitOry impOsts, while similar change
is to be made respecting the admission OF wines,
silks, and hnick-knacks into England How tar
the new French system viii bear decided Free.
trade character we cannot tell, until we know whr
aIe its details; but tat it is the sign of perfe,t
accord between the two Governments upon the
Italian question, there can be DO doubt.
This cooperation almost if not entirely obviates
TIE danger Of that new war which, it seems, the
King of Sardinia fcretold on New Years. Ii
France and England are agreed that Central Italy
shall be added to Sardinia, it is difficult to see
where sny effective resistance can be made to the
event. The runor that Russia is about to take
20 tie cause of Austria and the Pope must
be totally without foundation. Russia has
enough TO do at home; and besides, we shall not
again see her intervening TO save the House of
Hapsburg from its deserts. AZ for Austria, new
war could only hasten and cOnsummate her now
almost inevitable ruin. Already the Minister OF
Finance has declared that he cannot frame q
budget unless the expenses of the army are greatly
reduced No money can be raised by new
taxes, and in some provinces the existing
taxes cannot be collected Borrowing is
lolhDl Out Oi tue utthliol du uiSSVnpoh'i
ing almost TO revolt prevails in every part of the
empire except the German portions. In this condl-
tcn of things it is impossible that Francis Joseph
should begin war. For some time to come he
will be sufficiently busy keeping order at home, and
the only conflict in which he is likely to be engaged
is one with his own subjects. However, in the
event of revolution in Hungary, which is now not
impossible, a rising in Veneta must also occur;
and that might easily be followed by declaration
of hostlites between Austria and Sardinia. Bet
this is not thing of immediate probability. For
the moment, we can see no reason to doubt the az
suranee of Napoleon, who says in his manifesto on
the tariff that the question Of Italy viii be brought
to peaceful conclusion. That can only mean the
annexation TO Sardinia of Tuscan anna, Modena,
and The Romagns, with the enforced THOUGH uni
ling acquiescence OF all tho Continental Powers.
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CRIME ON sMzPBOABD.