The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-06-02

Po'aoie COURSE Vi events IN Europe during
the coming twelve months According 10
the leading Journal" the present wear is des-
tined TO be one of great changes and revolutions
ABROAD In his 'mind's eyc' our New York
seer beholds thrones and kingdoms topping
INTO common abyss of bankruptcy and
ruin. The days, we are told, of the BoUR-
BoN dynasty at Naples are numbered. The
rumored evacuation of Rome by the French
troops is accepted as evidence Of LOUIS NAPo-
Icons determination 10 abandon the POPE TO his
fate Austria, hopelessly insolvent, is threatened
with revolution in Hungary and in Venetia. while
Prussia is preparing TO usurp her place, as head
of the Germanic Confederation. Russia is STIR
ring up the Christian populations of Turkey to
revolt; and the relations of France and England
for long time extremely unsettled, are assuming
phase more dubious and complicated than ever.
IKE EMPEROR can only save himself by going
with the tide, and placing himself at the head of
the party of revolution and progress. A genera,
war, and a reconstruction of the map of Eurone
are considered inevitable. Such are some of the
vaccinations of The Herald; and a more dismo,
picture of the future could not well be presented
We are aware that the opinions of The Herald are
not entitled 10 great deal of weight Like somo
very worthy people in private life that journal is
in the habit OF saying whatever happens TO he
uppermost in the editorial mind, without mucb
reference to what it has said the day before, or
what it may say the day after. Consistency
is not among the virtues of our New York
contemporary The opinions which it expressed on
Thursday DO not even give countenance to the
presumption that the opinions which it shall ex-
press on Monday will not be altogether different
if not Numerically opposite. In the present in
stance, It's opinions are evidently as falla- |
clous as they crude. The news brought |
by the Palestine and AraJia which is all the
foundation The Hera1d has for its melancholy
torebodings, warrants no such conclusions as those
we have quoted. There is nothing to indicate
that the troubles in Italy will have ANYTHING he
You'd n local influence and effect 1t is not likely
that any OF the great Powers will become involved
In the struggle now going on between FRANCIS of
Naples and his people. Austria, which alone
might be tempted to interfere, hardly dare move |
at the peril of certain instruction in Ventia and
revolution in Hungary, particularly when Prus
sian intrigue is assailing her position in the
Federal Diet, and it will require all her
energies to thwart and Illustrate it. Besides. Aus
ira Is not bali so formidable now, as she was he
fore the late Italian war She has lost mower
prestige and money, while Sardinia has gained
largely IN all respects, and no longer needs TO the
same extent the aid and protection of France The
Italians will doubtless be left to settle the Italian
question themselves, without much let or him
drance on the part of foreign powers; and outside
OF Italy, there really nothing to Justify any appre
henson OF general war. The intrigue which is
gong on in Germany, and which has for its OBJ
ect the deposition of Austria from her position as
The leading State of the Confederation. and The
consequent elevation of Prussia is scarcely likely
o eVentuate IN hostities. 1t is simply proposed to
lulit the representation of Austria in the Diet to
Ter purely German States, just as Denmark has
representation proportional not to her own nower
IS a monarchy, but to the size and Importance of
. Ter herman possessions of Scheswig- Holstein,
ne question Is one to be determined by the Ger
nan States, and should Prussia obtain majority
Il votes IN her favor, the acquescence of Austria
nay De considered as certain. At least, she il NOT
lkely, IN the event Of an adverse decision to ra-
ort 10 the alternative of war, which, apart from
he serious consequences it would entail. could
lot possibly be productive of any practical result
any attempt on the part of Austria to establish or
preserve her supremacy in the Bind bv ,
orce OF arms, would of itself lead TO the diSSo-
ution of the Bund Besides, as we have I
'lreauy lntlmated, Austria has enough to attend
% IN keeping matters straight at home, and @
loiulnS IN check the various subject races
hat make up her motley and ilLassorted emniro
The intrigues Of Russia among the Slavic inbaL-
ants OF Turkey are quite as much leveIled AGAINST
Ter as against the PORTE, ana this fact offers tbo
pest guaranty that those intrigues will fail of
heir effect Turkey will not be left 70 strpcrlo
llone Tor the integrity of her dOminions and after
he severe lesson taught by the Crimean war
russia is scarcely likely to pursue her schemes Of
errlorlal ACKNOWLEDGEMENT in the face of the con-
inued opposition of the Western Powers How.
ver they may differ on other points. in this re:
pec'' 1t may be presumed that France and Eng
and are agreed, as they were before Nor are
helr differences in regard to other matters as
reat as is frequently represented. 1t NAV he
oubted whether the fears of French aggression.
nd consequent rupture between the two
overs, do not exist altogether in the minds Of
'ngllsh journalists. These seem never to tire of
the EMPEROR as a peridious despot
evold OF honor and honesty and who is perpet-
ally meditating some mischief against his neigh
ors Yet when we review the history of his deal
lgs with the people and government of Great
rtaln, we Ind nothing therein inconsistent with
lie most scrupulous good faith, and a sincere de-
re Tor the preservation of friendly relations
ertainly, the commercial treaty recently nego-
ated with England, and the changes introduced O
TO 'he commercial system of France do not seem
Indicate disposition on NAPoLEoN's part either
make cause of quarrel to find one As
ngllsh apprehensions of a French invasion seem
be wholly groundless, equally so appear those
Inch are troubling the German mind respecting =
{ possible extension of the French frontiers to
e borders OF the Rhine. 1t is the English Jour-
lis that iiTst put this idea into German heads: il
English hatred and jealousy of France that
We rise to the suggestion; and should any diff T.
lty occur between the two countries it will. p,
ost hKely be through the persistent determine az
III OF Engllshmen to misinterpret and misrepre- ~
III the conduct of the EMPEROR, to read all his A
eecheS backwards, and to contemplate his every We
uon with eyes of suspicion. At present. how ~
-o Signs ol any such untOWard IL
cut There is nothing particularly alarming in ne
present relations of France and ENGLAND -
'ning 10 Indicate that breach is more
mhent now than it has been, onv
ne' 'uese past four or five years. We
ui''oie 10 see the specl of war, which like
lin before sick mans eye, appears TO bavo
'uraed the vision of The Herald. New occur-
ices may give rise undoubtedly to new commit I
nons, and put an entirely different phase upop cit
S'"'e OF AFFAIRS but for aught that has vet as
opened, or Is now apparent there is no reason m,
anticipate general European war amono, pa
possible or probable contingencies of the
esent year. INV
In the senate, yesterday, the Post-ofice Def
'ncy bill was taken up and considered NJ
arce offered an amendment, which drew ont
lg debate, authorizing the Postmaster-G General
advertise for proposals for the transportation of
} mail between Charleston and Havana, and to .