New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-02-26
THE STATE OF EUROPE.
From Our Own Correspondent


Turn, Feb. 8, 1861.
The yeer 1861 bids fair to emoarrass INC M'A'''
terra of Finance. In India there ls u denc'ono!
Of Elk millions sterling in England oil t"o' anu
in France of four, while in Italy oansof twenty
millions is required to meet the expenditure ana
ornaments of the new kingdom; and in Austria
tho confusion ia SO great that not even the Minis
ter 10 able to prognosticate the eventual wants oil
the Empire. This general dearth Of money pro-
duces corresponding abatement of the warlike
propensties of the different States and even the
King of Prussia, who continually twaddles about
the dangers of the Fatterand, finds no response
among his people sufBcient to encourage his un-
expected pugnacity. The Committee for preparing
the reply to the speech from the throne already
give a hint Of the sober spirit of the AS
sembly, by saying that the blood ana re-
sources OF the country are exclusively TOT
the defense of the national German cause mus
the idea of fighting the Italians III defense oi Aus
tran interests in VeDeta il rejected IN an lDdirec'
way, as o reply to the 'rumOrs OF royal engage.
ment TO Austria, guaranteeing her the frontier oi
the Minco and the Pc. The Emperor oil france,
too declared in his speech from the throne, that
France viii not prevent either revolutionary or re-
dictionary movements abroad, but strictly preserve
neutrality and see that preserved by others Thus,
Kossuths theory, expOunded IN lsol and lo52 III
England and America and secuted by the conserya-
tive party in both those countries, now gets the
sanction of Imperial France and may soon become
one of the axiOms of international night.
The Italian question is losing much of lie interest,
now that the result of the election has completely
approved Count Cavours pacific policy. No war
with Austria" has become the watChwOrd OF the
Italians. who strongly believe that the financial
difficulties of the Austrian Empire, aud the Hun
garian complications, must in the long run, cripple
the power of Francis Joseph, and induce hun 10 sell
Venctia. AS 10 Gaeta the AFFAIR 10 more serious
than we all believed. The bombardment had no
great effect, and made scarcely any impression upon
Francis H., who, after having lost two crowns with
out Offering any resistance, suddenly displays
| dogped resolution worthy OF better cause The
Italian Generals nearly dispar Of being able TO take
the fortress by assault and intend 10 blockade by
sea and by land 20 strictly as TO force the garrison
| 10 surrender by famine However, since the place
il nroyisioned for full four months, the hopes OF
speedy surrender have been considerably modified
| much TO the dspeasure of the Italians, who know
| that the question of Rome depends almost eAclu-
siyey upon the expulsion of Francs III. from Gaeta
| Napoleon has indeed an intention OF WITHDRAWING
| his garrison from the Eternal City, but only after
| the complete solution of the Neapolltan question
| In the mean while the Papa troops and the Italian
| volunteers of Umbria are engaged III o small war;
Frosinone. one of the chief places where the Nea-
politan BOurbonists organize themselves for carry
ing the war into the mountainous districts OF the
| AbruZz was attacked and taken by the Italian
General Sonnaz, who still holds the town, though II
| belongs to the sO-Caled patrimOny OF ~. Peter
The Papal Colonel Becdelerre, on the other hand,
surprised q company OF P1edmonlese al 1or-
reese in Umbria and carried fifty soldiers
as prisoners to Rome The volunteers Of Colonel Mas
kidnapped in return Roman Bishop and carried hun
To Peruqa as hostage for the safety OF their cap
| tured comrades. The French General GOyon has,
until now, refrained from interfering with these
forays in either w6y but he disarms the Neapohtans
whochance TO his hands, and confscates all the
arms which are introduced by stealth into the Roman
States. As TO Garibaldi, he bides his time and re-
mains quietly at Caprera, refusing 10 bind himself by
| any pledges toward Count Cayour or theiKing to
| keen peace; but on the other hand be makes no
preparations for any new expedition. lie
watches, however the turn Of events in Hun
gary, where the agitation haze not yet dlmln-
isbed. As far as we can judge, the Hun
gGp9ns. aaa11tusy" SyoSG any possibility of armed
conflict, and protesting against any interference OF
the Government prepare for the elections. IL seems
that one or the other OF the e1es may be elected by
one or the other electoral district; but so much IS
| certain that Of the $50 members of the Hungarian
| Parliament hardly one viii be found to defend the
Government Win q complete Huahmlly, the Tehto-
ration of the laws of l64e and the rehabilitation Of
the exiles will be required by the Diet before Fran
| cis Joseph can be crowned. Still, If be makes up
his mind to grant the wishes Ofhe nation and upon
this basis to BIZ crowned by the of St. Stephen
| he may count upon Hungary which, under such
| circumstances, would soon cease to threaten him
| with an instruction. Such concessions, hOweV-
er, imply complete change Of the Austrian policy
amounting o transfer Of the center Of the Empire
| from Vienna 10 Pesth In fact, Austria would in
such case become an Eastern power as her name
| requires She would have 10 give up her German
schemes Of empire and supremacy, and to sell or eI
change Yenetia. Her interests would force her 10
look 10 an extension in the valley Of the Lower Dan
ube, TO the annexation of Bosnia, Servla, and Of
the PrincipalitiGs. Such an empire would fully be
able TO check the progress Of Russia, carrying
commerce and industry into those fertile Provinces
to restore them TO their ancient prosperity and i'm
por,ance. But in order to accept such a bold
policy, Francis Joseph would have to dismiss all
his pedantic German Ministers, and to look to holder
and stronger Statesmen in Hungary. Though such
complete revival OF the Austrian Empire is not en-
tirely improbable it is not yet to be expected within
the next months; but the events tend step by
step TO such q consummation, unless Gailbaldi
should give holder turn to the whole concern.
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