The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-12-13
BALTIMORE.
rrrrRsDAY, DECEMBER 10, 1860

n,,o work of annexation in Italy has been found
AIM. far much more easy of accomplishment than
.Lo work of consolidation. There are many tur-
bnIent elements still busy in Naples. FRANCIS II.
,,bstinately cings to the occupation of his last
stronghold, and although France has kept open
r,rLim q way of escape by sea, and into the Papal
States by way of Terracina and the Pontine
marshes lie fingers on at Gaeta, hoping that
something will happen that will restore to him his
dominons, and appealing piteousy in the mean
time to the Continental Powers to interfere in his
behalf. Russia and Prussia turn deaf ear to his
solicitations. Austria has quite enough TO do to
maintain her hold upon Yenetia; whilst England
and France have already signifed their willing
ness to recognize tho new kingdom which is in
process of organization, and which is destined
hereafter to include the whole of Italy from
'the Alps to the Adriatic," and TO thus
realize both in letter and in spirit,
.bo full meaning of the famous Milan
reclamation Of NAPOLEON III. With a septuage-
MARIAN General with officers growing daily more
.,5 r,oro disafected TO the cause they serve, and
18th not more than FIVE thousand troops remaining
lava, 70 his fortunes Of the fifty thousand wel-dis-
c;nlincd soldiers that menaced in October last, the
lines Of the Yolturno, the fugitive King can
scarcely expect to maintain his position much
Iouror 4 combined attack, on the part of the
s,r5ioions, by sea and land, would at any mo-
mont render his position untenable, and nothing
h,t ,be presence Of the French fleet in the Bay of
costa and desire on the part Of VICTOR EMMAN-
TEL TO avoid If possible, the horrors OF pom
bardment and the fearful loss of life which always
follows the storming of fortified place, snleiu
him from the terrible consequences which ne seems
DESPERATELY bent on Drawing. LandWard >hes siege
Of Coeta is still kept up, but the operations are
slugcishly carried On. The want OF hea'y
artillery is alleged to be The cause of the delay
,,t;+ i onite probable that VIcTOR EMMANUEL not
an1, docs NOT care to push matters to extremity,
far tbe reasons which We have already stated, but
IN reality wishes to avoid the capture Of his adver-
sorv from the difficulty which would attend the
dis,o,,I Of him afterwards But what FRANCIS II
}.l Lost in mower. he seems resolved to endeavor
n make M in tenacity of purpose. He has de-
cr.ra1 that he will not a andon his rocky pro-
,,o,torr whilst he has single soldier or a single
rattan left and if his determination holds good,
ba !, far more likely 10 be brought to terms by
tho Detection of his officers and the Generalization
Of his troops, than by the exhaustion of his Stores
which are said to be abundant The reactonary
srfrt which has displayed itself in soma parts of
tlo Kingdom may possibly have inspired him
with hope that it would result in q general in
eurrec,ion. His evident wish is to impede the re-
adjustment Of the affairs of the Kingdom for at
least few months longer If he can keep posses
sion of Gaeta until next Spring, the contemplated
attack upon Yenctja may impose upon Austria the
necessity ofmaking common cause with him; for
renewal of the struggle with that Power, would
result also in bringing about an Instruction in
Hungary, and might and very probably would,
bring on general European war. If such are his
expectations, they are destined we think to be
Disappointed GAmBALDI, indeed, has intimated
that there is work yet 10 be done, which would
need for It's accomplishment million of
men, and the objects he seeks to attain
are well known to be the liberation of
Hungary and Veneta, and the possession of
the Papal Capital. But Austria is beginning,
though tardily, to profit by the experience which
she bought SO dearly with the loss of Lombardy,
and will scarcely attempt to defend her possession
Of Eeneda by force of arms against such an enemy
as GAaIEALDI, backed by Sardinia and in defiance
ofthepopuar opinion of Europe. Neither the partial
restoration of the old rights and privileges enjoyed
by the Hungarians, nor the proposed proclamation
Of general amnesty in favor of all who were i'm
pIicaiel in ne events of l949, will suffice to
secure the allegiance of that gallant and high
spirited people who twelve years ago, single
handed, drove their Austrian oppressOrs before
them almost 10 the very gates of Vienna, and who
never suffered one serious feat until the Kaiser,
in his extremity, called in the hordes of Russia to
his assistance. The prospect now is, that Austria
will rather consent to sell Venetia than risk the
chances Of successfully defending her possession of
1t against an Italian national army, led by such
able soldiers as VICToR EMMANUEL, La MARMoRA,
FAINT, and CIALDIM and menaced in Hungary by
legions of Volunteers, marching to assured con-
quest under so popular and active chief as CARR
BALDI. Already negotiations are said TO have
commenced at Paris, with view to the peaceful
transfer Of Veaeta to FlCToR EMMANUEL, and the
Viennese journals venture, though timidly, to
favor the proposition, England and France
warmly advocate the sale, and CAvoUa presses it.
II the pride of the Kaiser yields to the pressure
and he has already been warned that "a new war
with Italy alone or with Italy united 10 France,
would see him abandoned by all his natural al
tiles the last of the Neapoitan Bourbons may
well despair of ever resuming the exercise of that
authority which, during the few short years of his
reign, he welded so despotically.