New-York daily tribune., 1861-11-06
TIE STATE OF EUROPE.
From Our Own Correspondent.

ihe odu h@i'e'' ." riauee, tue partial failure n
the potatoes in parts Of Ireland and the block
ade Of the Southern ports Of the United statcs. Ia.
gin seriously to tell upon the money market; tbs
Bank of France is embarra ed and fnsncia cr;,;.
can scarcely be avoided in Winter or early SpriDy
The difficulties are enhanced by the great losp AZ
Itsly of $l20 900 O00 mostly held By French capj.
tslists, Of which the instalIments are 10 euccesd
rapidly during the next months, when all the money
of France il flowing abroad for the corn imported
from Hungary, Russia, and the United States. Il
was one of the greatest mistakes Of the Italian Mn
isters Of Finance and Public Works TO inaugura,.
the system Of building tie railroads by the STATE
Just a, the moment when the political exigeOciesd
the new Kingdom compel Italy to keep up nune,.
ous army and to construct formidable feet whls
one-half of the territory, disturbed by revolution
and conquest, and still infested by large ganr
of insurgents and robbers hired BY the ex.King,
cannot safely be saddled with new taxes. The cot.
ton crisis in England is still more formidable, and
therefore it is the most ardent desire OF that country
to ace the struggle in the United States fusted, OF
the blockade broken. II is no seeret in Tie higher
political circles that the expedition to Mexico i
mere pretext under which powerful feet s.eam,,s
the Gulf there to watch the opportunity to procure
an outlet to the cotton Of the Rebel States. All hs
European questions sink into nsignifcance in COZ.
rarison with the threatened cotton crisis, by Wild
one-ffth of the population Of England might V
thrown out of work, and however great might be Toe
desire to avoid conflict with the United Sntes tie
necessities of Lancashire, Yorkshire, and GssgOs
cannot be overlooked by English statesmen. il wa
hoped in England that the war would not last iOOs
that decisive battle in Virginia would coon leadn
an arrangement by which the Southern poFh
might be opened, but since it is very
doubtful whether the three hundred thousand
men opposed to one another ct csnnon-shoFs dis
tance will ever attack one another and, If they DO,
whether battle lost and won might DO though; suf
Gcient 10 close the strife, more decided policy hm
been resolved upon in order free the cotton crop
piled mp on the Southern plantations. The En-
peror Napoleon studied this question during the lat
few months; but his first plan, TO acknowledge ls
Southern Confederacy after the first Southern vis'
tory. has been seriously shaken by the report given
TO him by bis cousin the Prince Napoleon, who
on bis return from the United States declared thst
the final victory in the present war cannot fail TO BE-
long 10 the North. According to hia views, ,hsI
South has no chance to succeed. Tie good cause i'
the stronger and will come cut Of Che Preseut RAJ
VIGOROUSLY.
Such being the state Of Affairs, all The fisnda d
liberty and Of tho United States have no nore
ardent wish than to see the naval expedition, whiel
s 10 attack the Southern ports especially CAslieoa
Savanna, and New-Orleans, successful, before dsl
Franco-I.apano.En English feet hrriyes in TIC Gul
Thus only can the danger Of foreign comp heaion' q
syerled. We look with the utmost anxiety upon q !
present condition of the United States, and depo'
that system of masterly inactivity which for tie !.
three months has parayzed the forces OF the Ooi0a
Asregards Europe. England as well as France.
view Of he impending financial crisis Is woFAis
or, 10 preserve peace. Kossuth is Ia vain enlss
10 persuade the Italian Government moi
,Oi.'s solution oi the Roman question: Ou' Z
~ Mai' iOi t .u' W -stian canos,,n, before Hungsry
Lost TO Italy, either BY complete d.s2'i"-
the PROCLAMATION of tie sta;e Of siege, laFaj e
forces of the country, or by an afrangeiA CIV ""
Austria. since il is certain tlat the contnua'oD| -
passive resistance to an Indefinite period il inPs
sible Ricasoli replies that rs long as Rome, rrdfl
the protection of French bayopets, romains ~
hearth of perpetual conspiracy for the Neapolts
provinces the best portion Of the enemy Is led DOVE
IN the South, aud thus the forces OF Italy are nsla
cient to cope with Austria. /.
In Hungary the Absolutist system is introduced y
the Austrans, Schmerling being resolved to force N
Constitution down the throats OF the Hungsrstf
with the butt of tho musket. At the SANE time D
makes war against Reehberg, the Minister Of FCs
eign Affairs, who is already tired Of the comedy z
Austrian Constitutionalism Behind them both siap4
the party Of the moneyed classes, who make .h2
propostops for loan dependent upon Consiulla
which should not ALLEVIATE more than one-haf Of iol
Empire; and lastly, the party of the canny Bohent
ans, led by Professor PalGcky ana Count Clam hs1
tinitz equally hostile 10 Schmeslings Germanzn{
Capitalization and sham democracy, and totbe pretef
sions Of Hungary aud Croatia claiming oompe'
independence frOm the other provinces. ThastDe hn
pirs is most lamentsbly distracted aud unable 10 a
tack Italy during her Southern troubles. While ha'l
sia losing patience in Poland, proelaims moS 'isO'
ous state Of siege, Petersburg has been tho Seeie
of troubles during tho absence OF the Gar
students Of the University made no'sy susei
demons ration against new tax in'Foonoeu y II
Curator. the General PuliatDi Unisersily e'u'
ton, formerly free, was to be paid for, SiOe eac
underoradnate. Sill more threatening is The sfs
Of the renr, claiming political rights, WAie =!
e,ooncioe,ed ,eris are yet in partial insune'u0'
against their late masters. ,.,;., ,sI
The King of Prussia uttered such aOf0'uu' .a.. ~ ~
Ssrdash at bis coronation a! KonigSoarg' 'H-' |"
INNS, believe him to be visited by the same '1e..
Election which led bis brother into the no'' ''''
difficulties.
GREAT BRITAIN. A. II