The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-02-21
BALTIMORE.
TUESDAY, FEBRUARY 81, 1860

The last news from Europe leaves little room TO
doubt that the annexation Of the Duchies to Sar.
DINA will be, before the departure of the next
steamer if not an fat accompli, at least, in pro-
cess of consummaton. Couriers had been sent,
so the latest telegram informs us, from London
ana Pars, with instructions to the representatives
OF the English and French governments at the
Court of Turin, to notify the Sandman govern
ment of the entire assent of both Powers to the
measure This result we had long ANTICIPATED
and confidently predicted. 1t was, in our iudg-
nent, the only practicable solution of the Italian
question, and offered the only stable guaranty of
the independence, peace, and prosperity of Italy.
Whether the Romagna is included in the arrange
ment is not expressly stated, but we take for
granted that such is the fact, and that the TEMPO
raj government of the POPE over that portion of
his dominions is forever at an end 1t is said.
indeed that the PoPE will not consent
that he will resist the ACKNOWLEDGMENT of the
patrimony of ST. PETER But it may be
asked-how can he help himself? There is dis
content in Umbria and in the Marches of Ancona:
1t will be miracle if the PoPE can prevent
those provinces from rising in successful rebellion
Even without this obstacle TO any effective exer-
ton of his power for the recovery of the Lega-
tons, the Romagnese are, probably, more than a
match for any military force that the Pope can
bring against them. Besdes-they will be backed
by all the power Of Parma, Modena, Tuscany and
Sardinia-and the PORE will have literally none
to help him. France declines to interfere, and
sanctions the act of annexation. Austria is her
ILL.,
struggling TO keep down Hungary; she dare
not relax the hold of the other upon
the throat of Venetia. She has not
finger to spare for the aid of the Pope IF she
had, the Great Powers would not let her lift it
it is question whether the next move will not be
to drive her out of Italy, and annex the Venetia
also TO Sardinia. Spain, which in 184S sent
troops TO the assistance of the Holy Father-then
sorely beset by the heatben-has her hands full
now with the Moorish war. Naples could not in
terfere without mourning the risk of revolution
and the certainty of whipping at the hands of
Sardinia. Where, them is succor for the PopE
10 be had
If, in the dearth of all temporal assistance, the
Holy Father should betake himself to the weapons
OF spiritual warfare, and, like the GREGoRIEs,
the LEOs, and the CLEMENTS, of other days deal
out cursings and launch bulls of excommunica-
ton at the heads of his enemies, even resort to
that last arrow in the Papal culver, an nterdct-
1t is doubtful whether the once dreaded
thunders Of the Vatican would not be
looked upon by the Italians as mere 6ratu,a
tulnaen, and treated with corresponding contempt
The day has gone by when nations can be made
to I,n =, -. IL
teal censures. The POPEs armory is not furnished
for such warfare as men wage nowadays, and to
any contest which he may provoke, either with
his own undutiful subjects, the Romagnese, or
with Sardinia, there can be but one issue The
Holy Father, if he is wise, will profit by the ad-
moniton which was once given to the Apostle
whose successor he claims to he, and put up his
sword. The only result of any attempt to recover
that which he has lost, will be the loss of that
which he has
While affairs in Italy are thus approaching
satisfactory settlement the state of Europe at large
is beginning to excite more and more attention.
Austria is the sick man of Europe now-sick, it is
said, even unto death. The danger of revolt in
Hungary is becoming more and more imminent
every day For the first time in the history of the
nation, nil classes races and creeds are united in tho
bonds ola common enmity to the rule of Austria
Magyars, ScaTes, Catholics, Protestants mobiles and
people are all camoring for a restoration of the
Diet and the ancient Hungarian Constitution, and
threaten, in the event of refusal, separation and
the establishment of an Independent government
The EMPEROR, either through ignorance of the
real condition of affairs, or from the characteristic
.lcfir ,c Il I,
to the complaints Of his subjects The next steam
er may bring the news that the embers Of dsaf-
lection and civil war, which have been shoulder
ing since l849, have again burst into fame And
this time there is friendly Russia TO step in and
extinguish the confagraton. Russia has never
forgiven the ungrateful part played by Austria in
the Crmean war. Besides-PHARoAH is dead
and the PHARoAH who now reigns knows
not J0sErH his brethren The cause
OF Absoiutism has not in ALEXANDER the staunch
friend and champion it had in NICHOLAS; and
We have seen lately an article semi-oficial in
its character in the Haralide Russe, in which the
ideas and policy of Austria were derided as an
tiquated, aud behind the age Everything looks
towards the ACKNOWLEDGMENT Of Austria; even the
Tyro the most loyal of the possessions of the
House of Habsburg, has lately shown symptoms
of restiveness, and troops have been sent there to
check the rising spirit of characterization among
the people. How long the caudron may seethe
and bubble without boiling over, no one can tell,
but one thing is certain the crisis cannot be very
Tar oil, and may be just close at hand. We shall
See when 1t comes, whether Europe will consent
to see Austria dsmembered or whether Austria
herself has thn wisdom IN avoid or tho c+ran crtb
to resist the impending blow.