The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-08-07


The almost simultaneous arrival at New York
of the steamers Australasian and kangaroo puts
US in possession of the news from Europe to the
18th Of July The special feature of the English
advices is the speech which was delivered
by Lord PALMERsToN in the House of Com
mons on the 23d ult. in relation to the
National delences. Five days previously at
banquet which had been given by the Lord Mayor
at the Mansion House, Lord PALMERsToN had
taken occasion to eulogse the volunteer move
ment as 'the noblest spectacle that has ever been
exhibited by any nation in the world 1t was
an evidence he said, "of the manliness and hardi-
''hood Of a nation, when 100, 900 of the youth of
''the Countrywide majority of them engaged in
commercial pursuits, submit to privations and
"fatigues to which their previous habits had rem
''dered them totally unsuted, and throw their
''whole zeal and energy into the task of providing
'the best means of defending the country" He
rejoiced that they had so arrayed themselves, and
he expressed himself as being confident, if the oc-
casion required it. that they would double or
treble their numbers. Whatever others might
think, he looked upon 'that great and noble
''body, the Volunteers of England, as the most
'active and practical members of the peace socic-
"ty." The well known remark that eff you
'want peace you must prepare for war" he char
acterized as being true in sense but untrue in
another. at is untrue" he said, with pointed
ausion to the warlike completeness of the army
and navy of France 'if it is meant that nation
''should arm itself and place itself in an aggres-
''sive attitude, by increasing its naval and mill
''tary establishments more than is necessary for
"delence, as in that case it fills neighboring coun-
'tries with dstrust and alarm, and instead of
"beng securities for peace are the strongest in
''centives TO war. That arming" he added, ''s
''alone worthy of applause, which is simply for
defensive purposes, and which repudiates all
aggressive demonstrations" Following up the
initiative thus taken Lord PALMERsToN, five
days later, in the House of Commons, recommend
that the Report of the Commissioners on the Ma
tional defences be accepted, and that of the
nine millions of pounds sterling which was the
estimated cost Of certifying the Dock yards and
other exposed points on the Island, two mil
lions be appropriated at once with q
view to the immediate prosecution
the works. In justification of this immense out
lay he alluded to the danger to which the country
was exposed from invasion, and referring to the
ability of France to commence at any moment
an aggressive war, declared emphaticaly, that
England ought not to be dependent upon the
"forbearance of another Power for its freedom
"from attack" 1t is not little singular that
Lord PALMERsToN, who has been frequently
charged heretofore with being almost too warm
an admirer of NAPOLEON ILL.,, should have so
boldly undertaken TO warn the English people
against reposing too much confidence in their
Imperial ally. Not less strange is it, that the
expression Of these omnous misgivings should
have occurred at time when England is CO.
operating with France to put an end to the insur-
rection in Syria, and is furnishing her quota of
men and ships for the purpose of prosecuting the
war with China. What events of recent date
have led Lord PALMERsToN to doubt the good
faith of NAPOLEON III. must be altogether matters
of surmise. 1t is possible that the condition of
complete dIsintegraton into which the Ottoman
Empire is believed TO be rapidly falling, when
taken in connection with the closer relations
which have been established between France and
Russia and the rumored understanding which
they lfave reached in regard to the ultimate dis
posal of the effects of 'the sick man, may have
induced England to prepare the way for strength
ening her ancient alliances with the Germanc
States. But, independently of the Turkish ques-
ton, and the large commercial interests which, as
regards England, are involved in its final solu-
ton, there is great cause for uneasiness in the
present unsettled state of affairs in countries still
nearer home. The Congress of Baden-if it did
nothing more-clearly disclosed the fact that
the petty sovereigns of Germany were suspi-
cous of each other, and were almost ludcrously
apprehensive that the Prince of Prussia yielding
to the Establishments of the French Emperor,
would consent to the absorption of Belgium, and
the extension of the Empire of France to the
borders of the Rhine, on condition that Prussia
should be aided in consolidating the whole of the
Germanic States into one powerful kingdom 1t
is well known also, that Austria has met with
but Indifferent success in her attempted pacfca-
ton of Hungary, and that the conquest of Sicily;
GARIBALDIs projected operations on the mainland;
the dispute existing between France and Swltzer-
land, in relation to the neutralzed provinces of
Sayoy-or any or all of these complications
NAV bring about rupture of the entente cordiale,
and, perhaps, precptate general European war.
But if we admit that there is really any danger
TO be apprehended on this score, we must ac-
knowledge, at the same time, that NAPOLEON iii.
has acted wisely in keeping himself prepared to
meet it. Lord PALMERsToN, however, affects to
regard the immense army and navy of France as
standing menace TO the neighboring Powers,
and especially to England; but it is doubtful
whether his patriotic appeal does not partake
more of the adroitness of a Statesman who Is de-
sirous of coneliating popular regard oy falling
in with the temper of the times than OF personal
conviction in its necessity. AT all events, TINS
haste to enrol volunteers, and to fortify weak
points of the coast is more likely to impress the
French with belief in the practicabiity of in
vading England, than to deter them from making
the attempt.
hNorhEK oLAvER CAPTuRED.-Lieut Mafitt COM
manding United States steamer C,nsodor ranorts