, 1860-05-04

EUROPEAN AFFAIRs.-The news from Eu-
rope is pregnant with interest and meaning.
Louis Napoleon has at length condescend-
ed to throw OF portion Of the inscruta-
bic mystery with which he has so long sur
rounded himself and declared his views in
relation to Italy. Tuscany is to be q sepa-
rate kingdom, probably for the purpose Of
raising Bonaparte to its throne. TIE re-
mainder Of Central Italy is to be allowed
the privilege of voting either for separate
government or for annexation to Sardinia,
while Savoy is TO be deGnitively absorbed
by France as security for her frontier.
| II has always been our opinion, and we
have not failed to express it, that the war
of Italy was not undertaken by the Emper-
or Of France without the prospect of some
ultimate advantage. The desire Of freeing
the Italian people could scarcely be a rul-
ing motive with a man who has so thor
oughly repressed the enjoyment Of personal
or polical liberty in bis own country. But
the most serious part of the programme set
forth by Louis Napoleon in his speech to
the French Legislature, is his intended an
nexation Of Savoy. The British press and
the British ministery are irrelrieVably com
mitted against the Napoeonic policy in this
particular. The recent speech Of Lord
Derby, in the House Of PEERS on this sub
ject, sufficiently manifests the feeling that
has been excited in that country by the de.
clared Intentions Of the French Emperor.
But with his habitual tact, Napoleon did
not forget to throw q sop TO Cerberus."
Like his immortalized uncle, he evidently
esteems the English nation Of shop
keepers" and by his free trade policy hopes
to cajole England while be manages the
political affairs of Europe. 1t lis worthy Of
note, that after his speech depression Of
funds occurred in the Paris Bourse, clearly
betokeniug that the speech was considered
of warlike tendency.
1t remains to be seen whether England
will finally agree to the annexation Of Sa-
voy by France, or whether she will contin-
ue to oppose the views Of the French EN-
peror in its regard. Committed, as she al
ready is, against the consummation Of that
act, it would appear weakness on her part
to yield final acquiescenee, in which event
she will lose caste in Europe; and should
ouO W pCtololclis ~ uot vppvothioAi1 NNetiiNA
rupture Of the entente c0rdiale may reasona-
bly, be expected. y
The Spanish troops in Morocco have met
with severe reverse in the neighborhood
Of Mellla, which will have the effect Of
lending confidence to the Moors The terms
proposed by Spain as the basis for a treaty
with Morocco are declared exhorbitant. and
a hostile feeling seems to exist IN Spain to-
ward England, which had been carried 70
extremes by some Of the Spanish journals,
causing their suppression. II will be re-
membsred that England insisted, At the
commencement Of the war, that Spain
shoald not occupy the territory Of Moroc-
co, nor hold possession Of the promontory
opposite to Gibraltar. But the INSTANCE
Of the Spanish journals that the war Should
be prosecuted even TO the entire conquest
Of The country, argues an indisposiiion on
the part Of Spain to observe the conditions
laid down by England, hence the III feeling
between the two governments.
Western Europe is in a tarmoil which
promises grave results A long time has
now elapsed since the battle Of Sollerino,
which terminated active hostilities, but we
are no nearer solution Of the difficulties
which caused the Franco-Austrian war now
than we were then, G