The New York herald., 1864-07-26

The great excitement in Europe at the latest
dates was the publ ication by the Morn;ng Post
| Of London, Palmerston's official organ and also
the English organ Of Napoleon, Of secret
correspondence between the Courts of Russia,
Austria and Prussia, for the purpose of effect
ing new Holy Alliance between these great
Powers, such an one as before defeated and
ruined Napoleon the Great. These dispatches
were published by the London journal before
TIE accomplishment Of the alliance, and as .
result have stayed this intrigue for the moment,
if not altogether defeated 1t. The German and
Russian journals, official and semi-oficial, deny
the authenticity of the dispatches published,
and state that there is no truth in the rumor of
an alliance; but the French and English
journals evidently Judge differently, and con-
clude that the premature exposure has saved
England and France from great danger.
As regards the dispatches, they were most
likely correct in substance il not in FORM We
have knowledge of precisely similar event
which doubtless explains this exposure. We
refer to the publication in 1860 of plan to
form an offensive and defensive alliance
between Russia and Austria, which was
defeated in the following manner:-The EN-
peror Napoleon, at vast expense, obtains from
all the courts of Europe copies of all import
ant dispatches. Parties high in the employ of
the different governments furnish these in some
instances; in others subordinates entrusted with
important documents transmit copies Of
them to Napoleon. This is very expensive,
as We stated before but very convenient, and
SO the system is kept up. In 1860 Napoleon
obtained copies of dispatches passing between
St. Petersburg and Vienna, proving that an al
lance was sought between the governments of
Russia and Austria. AT that time the London
Morning Chronicle was the Emperor Napoleon's
organ. In this journal he bad the dispatches
in question published, altered sufficiently to
save from detection the parties betraying them,
but still giving the substance OF the plot. This
untimely, or rather, as regards France, timely
disclosure, put an end to the projected alliance
Russia denied officially all such intention; Aus
tria did the same, and the affair ended thus
We do not doubt that the same course has been
pursued in this instance, and that once again
Napoleon has for the moment cbeekmated his
fitting return for the vast sums he spends in OBJ
tanning information.
AS it is we'll known that the sovereens Of
Russia, Austria and Prussia met lately in con-
ference al kissingen, it must be deemed rroba-
BILE that this affair OF the Holy Alliance was
being arranged, and that even if deferred now
it may at any moment be consummated, and
camps. England will baye an important role
to play in that case. She will have to choose
between the two partes-France, representing
''young Europe and the Allies, the despots
and absolute mouarchs, who are at enmity
with their subjects aud opposed to progress
aud reform. France would have Italy on her
side, and she could count upon Hungary and
Poland. With England in this latter alliance.
the balance of power would be in favor of
young Europe The reverse would certainly
he the case however. were England, from
hatred aud fear Of Napoleon. 10 side with the
Allies Be that as it may, Europe is evidently
on tie eve o. great and important events.
which will certainly occupy the attention Of
our friends on that side of the Atlantic. to the
exclusion OF our AFFAIRS. Inc proDaOllaeS are
that as soon as we once more find ourselves
united people, prepared to enjoy the bloss-
ings Of peace. we shall see Europe undergoing
all the calainities aud horrors or general war
TuE FINANCIAL ELEMENT IN THE NIAGARA
PEACE NEGoTfAT!oNs.-It was not altogether
for political or party advantages thai Master
George Sanders has been coquetting with Mr..
Ambassador Greeley at Niagara Falls. There
was money TO be made out of the movement.
supremely ridiculous and absurd as the whole
thing must appear; and behind that there was
the motive Of bolstering up the rebel finances